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Journal entry for purchase of house?
bjstorey
Jan 12, 2011, 07:44 AM
What is the journal entry for a purchase of a 221,300 house paying 130,000 down and a 91,300 mortgage?
pready
Jan 12, 2011, 04:11 PM
Debit Building or House for 221,300
Credit Cash for 130,000
Credit Mortgage Payable for the difference