REALLY easy accounting question I JUST DONT GET IT OMG.. (1 Viewer)

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theloorloor

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Obtained a loan of $500 from PDY Bank at a simple interest rate of 3% per year. The first interest payment is due at the end of August 2013 and the principal of the loan is to be repaid on 1 June 2017.

Which journal should I post this in, the general journal or the special cash receipts journal..
 
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