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QuickBooks 2013 For Dummies by Stephen L. Nelson, MBA, CPA

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Getting a Loan

Getting a loan is the hard part. After you get the money, recording it in QuickBooks is easy. All you do is record a journal entry that increases cash and that recognizes the new loan liability. For example, if you get a $5,000 loan, you might record the following journal entry:

unnumbered table 20-4

remember.eps You’ll already have a cash account set up, but you may need to set up a new liability account to track the loan.

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