USSGLExplorer
C161 C · Collections and Receivables

To record an adjustment to loans and interest receivable based on acquired collateral property without recourse.

Proprietary Entry

DebitCredit
155100 Foreclosed Property
721000 Losses on Disposition of Assets - Other
134000 Interest Receivable - Not Otherwise Classified
134100 Interest Receivable - Loans
135000 Loans Receivable
711000 Gains on Disposition of Assets - Other