Provide 5%intrest on capital of 40000 for 6month ? How to enter this transaction in the journal
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beginning of each month for 6 month
40000×5/100×3.5/12=583.33
middle of each month for 6 month
40000×5/100×3/12=500
end of each month for 6 month
40000×5/100×2.5/12=416.66
40000×5/100×3.5/12=583.33
middle of each month for 6 month
40000×5/100×3/12=500
end of each month for 6 month
40000×5/100×2.5/12=416.66
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