Hire Purchase Accounting Treatment (Con't)

Can help me to have a check for the double entry that I write for the following? Thanks you sir

For example, the company purchase a car of RM70,000. He pay 20,000 for down payment. Therefore, the remaining 50,000 is paid using hire purchase facilities for 6 years. The interest rate per annum is 5%.

The double entry will be:
When I am purchased the car,

Debit Car 70,000
Credit: Account payable 70,000

When I pay the down payment,
Debit Account payable 20,000
Credit Bank 20,000

When the hire purchase has been approved, transfer from account payable to hire purchase creditor

Debit Account payable 50,000
Debit Interest Suspense (50000*5%* 6 Years)= 15.000
Credit Hire purchase creditor 65,000

When the time I have to pay monthly installment:

Monthly installment= 65,000/60months= RM1083.33 per month

RM1083.33 (Principal, Interest)

This is made up of:
Interest= RM250
Principal= RM833.33

Debit hire purchase creditor 1083.33
Credit Bank 1083.33

Debit interest expense(finance charge) 250
Credit Interest suspense 250

Sir, may I knw the double entry that I write is it correct?
and when I purchase the car for 70,000 and pay down payment of 20,000

Can I straight away

Debit Car 70,000
Credit Account Payable 50,000
Credit Bank 20000

OR

I have to made 2 times double entry?

Debit Car 70,000
Credit Account payable 70,000

Debit Account Payable 20,000
Credit Bank 20,000