johnaja
Oct 8, 2012, 02:23 PM
What is the accounting journal entry to record the following real estate purchase:
Sales Price: $17,000.00
Closing cost: 507.00
Gross: 17,507.00
Escrow : 500.00
Tax paid by seller: 504.00
Cash from Borrower: $16,503.00
Sales Price: $17,000.00
Closing cost: 507.00
Gross: 17,507.00
Escrow : 500.00
Tax paid by seller: 504.00
Cash from Borrower: $16,503.00