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  • Apr 17, 2011, 08:52 PM
    topaz1839
    How do I record a mortgage payment in a general ledger with a principal and a interest
    How do you record a mortgage payment in a general ledger that has a principal and a interest?
  • Apr 18, 2011, 08:11 AM
    pready

    Debit Mortgage Payable for the amount of principal paid
    Debit Interest Expense for the amount of interest paid
    Credit Cash for the total amount paid

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