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    erikamelanson11's Avatar
    erikamelanson11 Posts: 1, Reputation: 1
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    #1

    Jun 20, 2012, 07:35 PM
    Interest has accrued on the mortgage but not paid, $450
    Source Document: Bank Memo
    For the following: Interest has accrued on the mortgage but not paid.
    Amount: $450.00
    Terms: N/A
    *how do I adjust this transaction in the general journal?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jun 20, 2012, 07:42 PM
    Quote Originally Posted by erikamelanson11 View Post
    Source Document: Bank Memo
    For the following: Interest has accrued on the mortgage but not paid.
    Amount: $450.00
    Terms: N/A
    *how do i adjust this transaction in the general journal?
    In the same way you bring to account any other outstanding account at balance date
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