Section 228. (68) Mortgages Payable (Cr. $257,422.30) (69) Mortgages Receivable (Dr. $45,000)
Description
This section is from the book "Real Estate Accounts", by Walter Mucklow. Also available from Amazon: Real Estate Accounts.
Section 228. (68) Mortgages Payable (Cr. $257,422.30) (69) Mortgages Receivable (Dr. $45,000)
The nature of these accounts has been described in Section 52 and Chapter XVI (Time Sales - Mortgages. Section 114. Time Sales) and the details of the total are shown in a schedule accompanying the balance sheet, giving the following particulars of each mortgage:
Record number Name of the holder Property covered Date due Amount
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