Repaying the principal of a bank loan
Transaction
A one-year note payable to the bank matures today. The business pays the principal of $10,000.00 from its bank account.
Assumptions: The interest is paid in a separate transfer and is not part of this entry.
Accounts
Tap an account, then choose Debit or Credit and type the amount. × removes a line.
Debit
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Credit
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Debits $0.00Credits $0.00
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