How do i recognize on a balance sheet besides crediting cash
Problem
At the end of the year RS Inc. paid $300,000 in interest on their bank loan.
How do I recognize this on a balance sheet besides crediting Cash for $300k?
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At the end of the year RS Inc. paid $300,000 in interest on their bank loan. How do I recognize this on a balance sheet besides crediting Cash for $300k?
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