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    mljones1005's Avatar
    mljones1005 Posts: 1, Reputation: 1
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    #1

    Aug 10, 2016, 02:43 PM
    Recording interest on loan payable
    Recorded $50,000 as loan payable in 2015. Recorded an additional $100,000 during 2016. Received amortization schedule last week showing balance $152,332.56. How do I record this so I can begin using my amortization schedule each month to record interest/principal?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Aug 10, 2016, 11:05 PM
    Your schedule should provide the detail of principal and interest payment so you know the starting point
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