Customer owes $500 per month for his $25,000 loan. Currently $200 applies to principal and $300...

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Customer owes $500 per month for his $25,000 loan. Currently $200 applies to principal and $300 to interest. Bank charges a fee of $50 when loan payment is not received within 15 days of due date. On 16th day what entry does the bank make to show the lack of payment received? The next following day the customer comes in and pays the loan and the fee What entry is made? Customer owes $500 per month for his $25,000 loan. Currently $200 applies to principal and $300 to interest. Bank charges a fee of $50 when loan payment is not received within 15 days of due date. On 16th day what entry does the bank make to show the lack of payment received? The next following day the customer comes in and pays the loan and the fee What entry is made?