To try and answer your questions:
I am just trying to reconcile this account. The statement from the bank shows a Total Balance which includes the interest payments. Further down it shows a Total which shows the balance without the interest payment.
I don't care where the interest shows up I just want to balance the LOC account. The statement gives a principal balance and a total balance. To which one am I supposed to balance the LOC account? Attached is a copy of the most recent statement.
What would be the GJ entry to put this account correct according to the statement?
Should I include the interest in the account or record it separately?
