Forum Discussion
David65
2 years agoExperienced User
Hi - We purchased a vehicle for $43,900 - Finance adds $10485.03 in interest over 60 months with a balloon of $13,169.83. Repayment is $686.92 pm.
Total Loan is $54,385.03
I have recorded purchase of vehicle and payment made by loan account however where do I record the $10485.03 in order to balance the GJ entry?
Thanks