cancel
Showing results for 
Search instead for 
Did you mean: 

Reply to message

View discussion in a popup

Replying to:
Rustler
Level 15

Reply to message

Let's say you borrow 1,000, and the fee is 25

 

 use make deposits

line one, liability account, 1,025

line two, fee expense, -25

 

or

journal entry

fee expense, 25 (debit)

bank deposit, 1,000 (debit)

loan current liability account 1,025 (credit)