I have the same situation . and paid off the loan on the property.Do you know by any chance how to record accrued interest and prepayment premium on that loan?T...
actually you absolutely right. I just realized that I wrote building maintenance.we have it under building improvements and those are capital expenses , such as...
Rustler,Thank you so much!We recorded all capital expenses over $1000 ( that is our policy) over the years to - Building Maintenance ( fixed assets) .We didn't ...
DivinaMercy_N, Thank you so much for your reply.I know how to create an account. I would like to know why using of Current Other Liability was recommended, as w...
Thank you for your explanation. I need to void a check from 2021, as it was lost in the mail. I was thinking to do a General Journal entry to decrease Account P...
