closing documents: How should I record earnest money when someone else paid it and they received it back? It shows on the purchase statement so I have to record it.
If the owner gave earnest money, AND he got it back
then on the closing documents it also shows that same thing, there has to be an entry + and – for that amount.
If he gave it and got it back, there is no entry you need to make
Resolution for 'closing documents issue: 'How should I record earnest money when someone else paid it and they received it back? It shows on the purchase statement so I have to record it.' available: Yes.
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