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  • Jan 12, 2011, 07:44 AM
    bjstorey
    Journal entry for purchase of house?
    What is the journal entry for a purchase of a 221,300 house paying 130,000 down and a 91,300 mortgage?
  • Jan 12, 2011, 04:11 PM
    pready

    Debit Building or House for 221,300
    Credit Cash for 130,000
    Credit Mortgage Payable for the difference

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