Question

A real estate transaction will close on November 15. The seller is responsible for costs up to and including the date of closing, and has already paid the property taxes of $5,116 for the calendar year. On the closing statement, the buyer will be

Answer 1

On the closing statement that's given, the amount that the buyer will be debited is $639.50.

What is a closing statement?

A closing statement simply means the document that records the details regarding a financial transaction.

From the complete question, it can be inferred that on the closing statement, the buyer will be debited $639.50.

The debit in this case is necessary to summarize the finance regarding the real estate transactions.

Learn more about debit on:

https://brainly.com/question/11482534