A company obtained a 6-month loan of 6,543.8+0,000,000,000 yuan and deposited it in a bank account. The repayment method is principal and interest, with an annual interest rate of 7.2%.

Repayment of principal and interest: it means to repay the same amount of interest every month during the repayment period, and repay the current month's interest and all the principal in the last month.

If March is not the last month of repayment, only the interest payable in that month will be calculated.

Monthly interest is calculated, and the monthly interest payable is:1000000× 7.2% ÷12 = 6000000.

When the company pays interest on a monthly basis, the accounting entries are as follows

Borrow: the financial cost is 6 million.

Loan: Interest payable: 6 million.

When the company actually pays interest, the accounting entries are as follows

Borrow: Interest payable is 6 million.

Loan: 6 million yuan in bank deposit.

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