 Now to think about this we're going to construct an amortization table, which is a little bit different than a standard amortization table just so we can get a good feel for this. This might be going a little bit overboard. You don't have to construct an amortization table all the time, but it's useful to get an idea of what's happening. So we're going to go to Excel, construct our amortization schedule. We'll do it fairly quickly since this is not an Excel course. Okay, so I'm going to put the data on the left-hand side. So we have the loan balance, the months we'll say, months of the loan, which could be the periods because it's going to be less than a year. We'll say the rate that we're going to have and then the payments that we're going to make. Let's format the entire worksheet now. I'm going to put my cursor on the triangle and put my ground line or baseline formatting the whole sheet selected, right clicking on it, formatting the selected sheet. Then I'm going to go down to currency. I usually go to bracketed red numbers for negatives. Get rid of the dollar sign and let's keep the decimals. We'll keep the decimals in place and say, okay, and then I'm going to make it bold so that hopefully that stands out when we're doing the recording. Notice I put all this stuff on line five instead of line one, which is where I wanted it. So I'm just going to delete rows one to four, selecting those rows, right clicking and just delete those. So we've got the information up on a one to start with because that makes sense. Okay, so then I'm going to say that the loan is for 5,000. That's what we took the loan out when we financed our equipment for. And let's say it was just for a three month loan. We're just going to make it a small loan because I want to make the numbers a little bit more significant for our adjusting entry. I'm also going to make the interest rate quite high because I want to make it significant for our accrual entry here. So I'm going to say percent. And then the payment, I'll do a calculation for the payment just to show you how you can calculate the payment. Oftentimes, when financing the equipment, they would give you the calculation of the payment, but not might not be so clear about the rate, for example, or, or, you know, that you could back into the end of these other two items if you knew the payment amount. And so whenever you're dealing with a loan person, the financing department, you probably want to make sure that you're thinking through things yourself, right? And so that you fully understand all the components that are involved because those finance departments can not, can be a little, little, little scammy sometimes. So in any case, so I'm going to say negative PMT, that's the payment calculation. We're going to pick up the rate, which is going to be up one. That's going to be B three. That's a rate for a yearly rate. We're going to imagine that's a yearly rate, right? And which is normally what people talk in when they think about rates, yearly rates, I got to break it down to divided by 12 a monthly rate, comma the number of periods is just three. That is in months now. So I don't need to divide by 12. That's not three years, three months. So now the rate is tied out to the same period structure as the number of the payments, comma the present value. That is going to be the 500. And that's all we really need to calculate the payment. If I didn't have a negative and I put an equal instead, it would be a positive. It would be a negative number when I finish it. So this flips the sign for me. It's probably not the most proper way to do it. You put the negative inside the formula, but that is the easiest way to do it. I find so I'm going to do that. And then we got that. And so I'm going to close up