Search found 2 matches
- 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.
- 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...