I am trying to enter a year-to-date Journal Entry for a Mortgage on a rental property. I have entered the total amount owed at the beginning of the year minus the Escrow and minus the Interest which when I record it the amount owed now is correct. The problem I have is that when I entered the Interest which I put it towards an Interest Expense account it shows a negative amount on the report. What am I doing wrong? The Journal Entry goes as follows: Debit: Asset (Rental Home) Credit: Escrow Amount, Credit: Interest Amount, Credit: Balance-Liability Account. Can't figure out why Interest Expense shows negative amount. Please Advise!
