So, after some thought, I think I might know what I need to do. I think I need to disconnect my bank account from the sub-account and reconnect it to my parent ...
You are essentially receiving the money. Create an income account named "loan forgiveness income". Then do a journal entry to "pay" the loan down with these fun...
Honestly, can someone answer this question accurately? Our principal and interest are being paid by the SBA for a period of six months. How do we enter this to ...
