Jennis Music Store borrowed 60.000 TL from the bank signing a 7%, 3-month bank loan on 1 January. Bank loan will be paid in 3 months. If the company prepares monthly financial statements, the end of period accounting record that the company should make for 30 day interest on January 30, would be

Select one:

Debit Bank Loans, 4.200 TL; Credit Cash, 4.200 TL

Debit Financing Expenses; Credit Accrued Expenses, 350 TL

Debit Interest Expense; Credit Accrued Expenses, 4.200 TL

Debit Cash, 1.050 TL; Credit Financing Expenses, 1.050 TL