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by JMHunter
Tue Mar 05, 2013 9:19 am
Forum: Accounting
Topic: Adjusting beginning balances in assets
Replies: 6
Views: 4148

Re: Adjusting beginning balances in assets

I need to change the balance on our Mortgage since we have built another building and added to it. It was 79000 and is now 325000. Can you tell me how to fix this?

Do I need to Cr 01-2120 with the total amount of 325000 and Dr 01-3110?