 Alright, let's do it. Let's go to the first tab enough talk. I Want to see some action here all you do is talk man. Okay, here we go with the action. We got the vendor Information I'm gonna go into let's do it with a check form So I'm gonna say the bank that we're paying. Let's say is chase. So let's type in chase I think we put that in earlier I'm just making up a bank name that we're going to be paying it's coming out of the checking account tab tab Let's say the date is at the beginning of the month. So I'm gonna say let's go February February 0201 23 so the beginning of the month and then the 16th the check number should be populating properly now So that's good. I'm not gonna print the checks for the practice problem down here. We're gonna say, okay Here's where it happens here. So I'm gonna see if they have an account for interest expense Interest I'm just gonna type in interest and notice they have this interest paid Expense type of account. I don't like the name interest paid Because you could have interest that you didn't pay that's still an expense on an accrual basis I would rather it be called interest expense. So I might change it, but that's being a little picky I'm not gonna create another account called interest expense because I don't like the fact that they called it interest paid Because then I'm gonna have two accounts that are sounding like interest and then I'll mess myself up by posting to both of them So I'm gonna do that and then I'll fix it if I don't like the name of that account And so then you might want to put in the description like first payment Or something like that because that might help you to tie it into the amortization table now the interest is Coming from here. That's the 300. So there's the 300 I don't need a billable or a customer and then the other side's gonna go to the loan payable loan payable account There it is and then I'll just call it first payment and that's for the amount of The 105 873 so one oh remember that don't forget 105 8.73 All right, and then the total comes out to you the check of 135 873 and that's the total 135 873 Mui B to the B to the N. So what's this gonna do? It's a check It's gonna decrease the checking account by the by the one three five eight seven three It's gonna have an interest expense on the income statement of 300 and the loans gonna go down by 1058 73 bringing the balance of the loan to 70,941 27 that's what should happen at least unless someone unless someone told me the wrong number When I put that in here and they told me the wrong number so that'd be their fault and not my fault So let's go ahead and save it and close it and then we'll check it out And then we'll go into the tab to the right and run it again run it and Then we'll go into the rope to the to the cash account and we're in February February and so there it is So there's that amount that looks that looks good Mui B in and then we're gonna go back the other side on the Expense side of things we got the $300 in February now see how we got January and February isn't that cool? Yeah, it is I know I know it's cool But anyways, so here's the interest now Sometimes you might want to put the interest down here into like other Because sometimes you might think of interest as not being like part of your normal operations It's a financing thing so we might just change it to put it down here Just so you can see what that looks like and I might change the name at some future point as well But for now we could see there it is