Originally Posted by morgaine300
I don't get quite what you're trying to do. The other accounts don't have anything to do with your building. The only reason I can think of to "offset" the building account is for depreciation, which is a contra asset account called Accumulated Depreciation. But you have to know how much, and I doubt an accountant would tell you to pick "whatever" acct you want. That makes no sense. You are also stating the Building acct has $110,000 and you need to credit "this amount." That says to me you need to credit $110,000. Why?
Can you please explain better what you are t11rying to do?