How to add a home mortgage acct

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Jun 11, 2011
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Hello,

I have a rental house and I am trying to update my QB Pro with the current mortgage amount due. I created a Long-Term Liability account for the mortgage, but now I am trying to input the remaining amount into the General Journal. What accounts do I need to use in order for it to be properly categorized? Do I add a fixed asset account for the house? If so, would I credit the liability account and debit the house?

Please advise.

Thanks in advance.
 

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