Delete this label by pressing the delete key.Quickbooks Journal Entry – 7 Properties to Commercial LoanIf you have a Mac, QuickBooks for Mac is going to work. Select the Layout Designer and click on the label for the sales tax (not the sales tax field itself). Set up a form that includes the sales tax in the footer, as shown above. Here is how to handle this in QuickBooks. If you look at both of the samples above, the percentage always shows.Type of account: Long Term Liabilities. The bank also offered me a line of credit, $4452,96 of which was contributed to closing.3 – 8. Type of account: Other Current Liabilities. The loan value was $245,000.2.
Set Up A Line Of Credit Quickbooks Free To CommentAlthough not noted below, the actual transaction I edited in Quickbooks was a payment for $11,010 that I brought to closing.If you have questions about this transaction, feel free to comment below or contact me here. Type of account: Checking account. Interest is paid in arrears and would have been paid on August 1st with my regular land contract payments.Cash at closing. These line items are the interest accrued on the 6 land contracts between July 1st and July 30th. Closing costs due to the title company and bank.17 – 22.
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