A bank loan of $27,680 has been obtained on 30 June 2022 and payable in equal annual amounts over 5 years. When doing 30 June 2023 income statement, how will this classify? Is that bank loan expense 27,680/5=5,536 only under financial expense? Or will there be another entry too? On the trial balance, only loan payable appearing as $27,680. There is no record of a bank loan expense account