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Journal Entry for Rental Property Improvements

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 Marie
(@Marie)
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Joined: 1 year ago
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Hello:

We have company owned property that is managed by a property manager.  They are making improvements that exceed the monthly net proceeds.  They will be using future net proceeds to pay against the improvements.  

What would be the proper way to make the journal entry for this??

 

TYVM for your help.


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