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in this presentation we will take a look at how to put together an amortization schedules related to notes payable for more accounting information and accounting courses visit our website at accounting instruction dot info heres going to be our information we have our initial journal entry based on this information we have a loan that we took out a hundred thousand weve got the interest at nine percent number of monthly payments thirty six to put this on the books the initial loan all we need is really the hundred thousand to record the initial loan meaning we got cash of a hundred thousand the note payable went up by a hundred thousand so heres the cash going up heres our note payable the note payable is now on the books now the tricky part is when we make the payments because were going to make 36 of them even payments some of that will be decreasing the note payable and some of those payments will be recorded as interest expense and itll differ as time passes and therefore we