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    twilight123's Avatar
    twilight123 Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Sep 21, 2009, 11:02 AM
    Maturing debt
    What accounts would you use for this journal entry? Decision to refinance on a long-term basis some currently maturing debt
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 21, 2009, 10:43 PM

    If the debt is under current liabilities now, just debit them out of there and credit them into a long-term one.
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