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toogoodfella

01/16/24 10:13 AM

#109618 RE: cottonisking #109616

RE: Current Principal: $ ?1,763,000,000.00

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THIS IS A BIG LIE
THE NUMBER, 1.763B IN THE BALANCE SHEET REDUCED THE LIABILITY BY AN EQUAL AMOUNT.

It maybe a balancing between receivables and payables.

ITS JUST A NUMBER.


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cottonisking

01/16/24 6:32 PM

#109621 RE: cottonisking #109616

📜🤡
🐀🚽 LBHI's Journal Entries:

1) CTs' subordinated debentures Assets:
Debit $1.763 Billion

2) CTs' subordinated debentures payable liabilities:
Credit $1.763 Billion

3) Distribute Balance Sheets 10/5/2023
4) After BNYM CTs' cash distribution, update journal entries:

5)CTs' subordinated debentures Assets:
Debit $1.763 Billion
Add Credit $1.763 Billion

6) CTs' subordinated debentures payable liabilities:
Credit $1.763 Billion
Add Debit $1.763 Billion