or were they greedy and keep the money they weren't really weren't entitled to because of a mistake in accounting?

I'm from the north suburbs near Gurnee (Six Flags).I'm happy to answer any tax/accounting questions if anyone has them.

If you have a $1000 payment split evenly between principal and interest then your journal entry will look like this:Debit interest expense $500Debit liability account $500Credit cash $1000

David, Paul's structure as a partner, seems he's not at arm's length to borrow qualified tax funds for himself keeping it in the account and profits above interest are through the partnership so I'd say it is an issue.

Bill Gulley I definitely need to get back to the basics; I hear you on all accounts.

Can't even transfer funds and account for it in 20 minutes, much less raise it.

She has $23k in the account.

Does the down payment money have to be shown as in your account for a certain amount of time?

My business is an LLC and I have been planning to rent my basement to the business LLC already - and I have spoken, at least preliminary, to my accountant about this with no obvious objection.

What is your point Account Closed , as I am confused here.What would happen when someone took everything I mean everything they learned to be doable from others and put it all in a thing called an "Attempt."