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FFCRA and CARES Acts including the PPP
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Re: How do I record the payments SBA is making on an EXISTING loan (NOT one of the new disaster o...

Trinak1

Level 2

‎August 21, 2020 09:13 AM

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FFCRA and CARES Acts including the PPP

How about this for a journal entry?

Debit - Clearing Account

Credit - Cares Act 1112 Income Acct.

Debit - SBA 504 Liability Account

Credit - Clearing Account

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