Zeta SA granted a loan of 600,000, measured at amortised cost; the annual effective interest rate given by the case is 6 % and the annual coupon of 30,000 is received at the end of the year. The two-year loan is repaid at the end of the second year for 612,360, in addition to the last coupon. Record the entries for the first year: first the interest at the effective rate, then the receipt of the coupon.
- Loan amount
- 600,000
- Effective interest rate
- 6 %
- Annual coupon received
- 30,000
- Amount repaid at maturity (excluding the last coupon)
- 612,360