Re: [GNC] Account for Seller Credit when purchasing a home

2022-05-07 Thread Robert Heller
At Sat, 7 May 2022 11:00:05 -0400 M wrote: > > I am still learning double-entry accounting, and I need a little help. > > I recently purchased a home, but the price was reduced during > negotiation and a seller credit was applied at closing. > > Agreed Purchase Price: $100,000 > Seller

Re: [GNC] Account for Seller Credit when purchasing a home

2022-05-07 Thread Derek Atkins
Hi, On Sat, May 7, 2022 11:00 am, M wrote: > I am still learning double-entry accounting, and I need a little help. > > I recently purchased a home, but the price was reduced during > negotiation and a seller credit was applied at closing. > > Agreed Purchase Price: $100,000 > Seller Credit for

[GNC] Account for Seller Credit when purchasing a home

2022-05-07 Thread M
I am still learning double-entry accounting, and I need a little help. I recently purchased a home, but the price was reduced during negotiation and a seller credit was applied at closing. Agreed Purchase Price: $100,000 Seller Credit for Repairs: $5,000 Actual Purchase Price: $95,000 When I