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If the first installment of a 24 month bank loan is paid, which one of the following is not included in the accounting record of
If the first installment of a 24 month bank loan is paid, which one of the following is not included in the accounting record of the first installment? No Months Beginning Payment Interest Principal Ending Balance Balance 1 March 2015 30.000 2.174 1500 674 29.326 2 29.326 2.174 1466 708 28.618 28.618 2.174 1431 743 27.875 min 27.875 2.174 1394 780 27.095 April May June July August September 27.095 2.174 1355 819 26.276 6 26.276 2.174 1314 860 25.416 7 25.416 2.174 1271 903 24.512 8 October 24.512 2.174 1226 948 23.564 9 November 23.564 2.174 1178 996 22.568 10 December 22.568 2.174 1128 1.046 21.523 11 21.523 2.174 1076 1.098 20.425 January 2016 February 12 20.425 2.174 1021 1.153 19.272 13 March 19.272 2.174 964 1.210 18.061 14 18.061 2.174 903 1.271 16.791 15 16.791 2.174 840 1.334 15.456 16 15.456 2.174 773 1.401 14.055 April May June July August September 17 14.055 2.174 703 1.471 12.584 18 12.584 2.174 629 1.545 11.039 19 11.039 2.174 552 1.622 9.417 20 October 9.417 2.174 471 1.703 7.714 21 November 7.714 2.174 386 1.788 5.925 22 December 5.925 2.174 296 1.878 4.047 23 January 2017 4.047 2.174 202 1.972 2.076 24 February 2.076 2.174 104 2.070 6 Select one: 0 Short-term Portion of LT Debt 674 credit 0 Short-term Portion of LT Debt 674 debit Banks 2.174 credit 780 Financing Expenses 1.500 debit
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