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Mortgage Refinance

Posted: Thu Nov 30, 2006 8:12 am
by sica
We refinanced our mortgage. The loan amount was $121,000.00. Our payoff was $45,044.13. There are also several other fees. Our new loan balance is $74,965.37. I have no idea how to enter this information. I will greatly appreciate any help.
Thanks,
Tracey

Posted: Sat Dec 16, 2006 9:08 pm
by Matt
If you can provide details of the line items shown on the closing document I can give you the accounting entry you need to make.