When reconciling a 6 column worksheet for a closing - after totaling up the debits and credits, the closing agent needed to add a $25,000 credit to the buyer credit coluimn to make it equal to the buyer debit column. what does this buyer credit represent?
1) a $25,000 check the buyer must bring to the closing (correct)
2) this credit represents money the buyer has already been accounted
3) money the seller must pay to the buyer