58
using personal cash to pay for a business expense: what's the journal entry
QuickBooks Pro for Windows
6/30/09 8:23 AM, Viewed by asker 7/14/09 5:02 PM
Total Views: 469
6/30/09 8:23 AM, Viewed by asker 7/14/09 5:02 PM
Total Views: 469
If I purchase Office supplies with my own cash, how does the journal entry look? Debit to Office Supplies, Credit to ????
Solved!
All Replies: Answers (1)
Rating + 10
Solved!
7/1/09 9:34 PM
If your an LLC or Sole Proprietor or Partnership then it should be Owners Investment. If you are a Corporation then it should be Officer Loan Payable.
Hope this helps. If so please mark solved, if not please ask more questions. Thanks!
Hope this helps. If so please mark solved, if not please ask more questions. Thanks!
Ray White
http://community.intuit.com/me...
http://www.raywhiteenterprises.com
Ray White
http://community.intuit.com/me...
http://www.raywhiteenterprises.com
