Search found 2 matches

by newdestinyag
Thu Jul 09, 2009 2:14 pm
Forum: Accounting
Topic: Posting loan closing costs
Replies: 3
Views: 2481

Re: Posting loan closing costs

Thanks. The first example seems to have done the trick.
by newdestinyag
Wed Jul 08, 2009 5:59 pm
Forum: Accounting
Topic: Posting loan closing costs
Replies: 3
Views: 2481

Posting loan closing costs

Our church has obtained a construction loan. In the closing of the loan, $8,000 was deducted for closing cost and fees, and was considered a “draw” on the loan. As yet no money has gone through our check book. How would I post to get that $8,000 to show as a liability? Should the $8,000 be considere...