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March 1, 2023
Question

Closing documents and Journal entries for closing costs, what is expense what which gets added to the asset from the closing costs

  • March 1, 2023
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I purchased a home and got a mortgage.  I closed the property a year ago and want to enter a journal entry to quickbooks.  From the closing statement wanted to find out what gets added to the property asset and what items get expensed.  Please shed some light on this.