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04/30/2026
What would be the journal entries on Alina's books in 2025?
On August 1, 2025, Alina company has provided an advance of $4,000,000 to Malda company which is subsidiary of the Alina company. Said amount will amortize at $40,000 per quarter at an interest rate of 4.5%. It is agreed that Malda will pay back by the end of 2028 the remaining balance.
Question of the day: Company A billed Company B in 2025 for the service that will be provided in 2026. Company B made a payment in 2026. How should Company A record this on its books in 2025?
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