Example: A company was granted a special loan of100000 yuan from the bank on June 65438+10/October 65438 +0, 2008, with a term of 3 years and an annual interest rate of 9%, with the interest paid annually. This fund is used to build a new production workshop, which started in June+10, 2008 and is expected to be completed and put into use by the end of 2008. On June 65438+1 October 1 day and July1day in 2008, the enterprise paid 6 million yuan and 4 million yuan respectively, and the idle funds were used for fixed income investment, with a monthly rate of return of 0.7%.
1. Please calculate the interest amount that should be capitalized in 2008.
2. Please retrieve the relevant accounting entries of the loan on June 5438+10/October 65438 +0, 2008, and the interest-free loan of the loan this year before the repayment expires.
Answer:
1.2008 special loan interest = 1000*9%=90 (ten thousand yuan).
Short-term investment income in 2008 =400×0.7%×6= 16.8 (ten thousand yuan)
Because during the capitalization period, the capitalization amount of special loan interest expense should be determined by the actual amount of interest expense minus the investment income obtained from the short-term investment of idle loan funds, therefore:
Capitalized interest amount of the company in 2008 =90- 16.8=73.2 (ten thousand yuan).
2. The loan was obtained on June 65438+1October 65438+1October 2008.
Debit: bank deposit 1000
Loan: Long-term loan 1000.
There is no interest this year.
Debit: interest receivable (or bank deposit) 16.8
Borrow: Construction in progress-interest expense 73.2
Loan: interest payable 90
4. Interest in 2009
Debit: financial expenses 90
Loan: interest payable 90
Interest payment
Borrow: interest payable 90
Loan: Bank deposit 90
5.20/kloc-loans due in 0/0 years.
Borrow: Long-term loan 1000
Interest payable 90
Loan: bank deposit 1090