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- Thu Jul 11, 2013 4:09 pm
- Forum: Accounting
- Topic: Moving Money from a LOC into Checking
- Replies: 1
- Views: 1010
Moving Money from a LOC into Checking
This may be a basic question but I am having trouble moving money that we have drawn on our Line of Credit into the checking account for use. I assumed I would debit checking and credit our LOC account, both under the same fund (01-1125 checking (debit $4000) 01-2310 LOC, Mortgage (credit $4000)) bu...