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

[theloorloor]

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..

 

[theloorloor]

Please help if anyone knows

 

[jack2230]

The General Journal?

 

[Kiraken]

General journal