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I need a banksplination
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sand85
Posted 1/4/2019 20:09 (#7220720 - in reply to #7220630)
Subject: RE: I need a banksplination


C IL		Accrued unpaid interest goes on my balance sheet as a liability.

Interest paid over the last year goes on my income statement as an expense, of course.

The remaining complete mortgage principal balance is on my balance sheet as a liability.



Edited by sand85 1/4/2019 20:11
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