Prepare the adjustment to record interest expense on the loan at the bottom of your...
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Accounting
- Prepare the adjustment to record interest expense on the loan at the bottom of your spreadsheet.
I borrowed $150,000 from the bank with an annual interest rate of 2.5%
I need help figuring out how much my interest expense would be for one month and how it would affect my balance sheet ( Assets = Liabilities + Stockholders Equity | Rev - Exp = Net Income)
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You can see the logs in the Dashboard.