Loan: short-term loan of 350,000 yuan.
Monthly interest: 350,000 * 6%/12 =1750 yuan.
1- End of May
Debit: financial expenses 1750
Credit: other payables 1750
At the end of June
Debit: financial expenses 1750
Other payables 8750
Short-term loan 350 thousand
Loan: 360,500 yuan in bank deposit.
Extended data:
Pay attention to when accounting entries:
1, the summary of accounting entries must be concise and clear, not too complicated and difficult to understand, which accounting subjects are involved in the business and which accounting subjects belong to.
2, the use of accounting subjects must be accurate, determine the direction and amount of accounting loans. That is to say, the borrowing direction, account name and amount must be correct.
3. Don't misuse accounting subjects. If you have detailed subjects, be sure to write them down. Detailed topics must be consistent and continuous. A customer can't hang several accounting subjects and can't use them at will.