The long-term bank loan arranged on december 31, 2023, with the canadian bank, is for a 5 year period at an interest rate of 9% (per annum effective monthly rate of 0.7207%). Monthly payments of 998.26 are due at the end of each month. The January 31, automatic bank payment of 998.26 (including interest of 291.07) has not been made or recorded. made the adjustment for this.