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View Full Version : Interest has accrued on the mortgage but not paid, $450


erikamelanson11
Jun 20, 2012, 07:35 PM
Source Document: Bank Memo
For the following: Interest has accrued on the mortgage but not paid.
Amount: $450.00
Terms: N/A
*how do I adjust this transaction in the general journal?

paraclete
Jun 20, 2012, 07:42 PM
Source Document: Bank Memo
For the following: Interest has accrued on the mortgage but not paid.
Amount: $450.00
Terms: N/A
*how do i adjust this transaction in the general journal?

In the same way you bring to account any other outstanding account at balance date