The advance payment was debited to the accounts payable. Records should be made in advance:

Debit: accounts payable

Loan: Cash on hand (or bank deposit)

Accounts payable refers to the amount that an enterprise should pay in business activities such as purchasing materials, commodities or accepting labor services.

Enterprises should account for the occurrence, repayment and resale of accounts payable through the account payable. In this course, the lender registers the accounts payable incurred by the enterprise due to the purchase of materials, goods and services, and the borrower registers it as repayment of accounts payable, or draws commercial bills to offset accounts payable, or has written off accounts payable that cannot be paid, and the balance is generally in the lender, indicating the balance of accounts payable that the enterprise has not yet paid. This course should generally be accounted for according to the detailed subjects set by creditors.