A company lends 500,000 yuan to B company, B company lends 500,000 yuan to C company, and C company repays 500,000 yuan to A company for B company. What are the entries of Company A and Company C?

Only three-party contracts can be used for accounting treatment:

Company A borrows 500,000 yuan from Company B:

Debit: Other payables-RMB 500,000.00 Yuan from Company B.

Loan: 500,000 yuan in the bank.

Company C repays 500,000 yuan to Company A for Company B;

Borrow: 500,000 yuan from the bank.

Loan: other payables-500,000 yuan from Company B.

C company

Company B lent Company C 500,000 yuan:

Borrow: 500,000 yuan from the bank.

Loan: other payables-500,000 yuan from Company B.

Company C repays 500,000 yuan to Company A for Company B;

Debit: Other payables-RMB 500,000.00 Yuan from Company B.

Loan: 500,000 yuan in the bank.