Final answer:
On a closing disclosure, Leon's payment for the property sales price will appear as a debit, indicating the amount he owes to purchase the property from Jon.
Step-by-step explanation:
When Leon purchases a property from Jon, the payment he makes at closing is typically reflected on the closing disclosure. The closing disclosure is a form that provides details of the real estate transaction, and includes items such as the sales price, loans, and other closing costs. In the case of a property sale, the sales price would be listed as a debit for Leon, as this is the amount he owes to Jon to acquire the property. This would be part of the buyer's costs on the closing disclosure. Similarly, on Jon's side of the disclosure, the sales price would appear as a credit, representing the amount he is to receive from Leon.