Muhammad B.

asked • 07/17/17

Here a scenario, you tell me how you would book-keep this in QuickBooks Online.....

Here a scenario, you tell me how you would book-keep this in QuickBooks Online.....
 
1) I purchased a property using short-term bank financing with a high interest rate. 2) I paid a contractor to renovate the property using my business bank account 3) and purchased supplies using a credit card. 4) I then refinanced the property with long term financing and a low interest rate and paid off the short term financing with a high interest rate. 5) I leased the property to a renter and am now receiving rent checks that are being deposited into my business bank account. 6) I make repairs and pay utilities using my business bank account.

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