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dhl6gIzyKr3PKzacfA8pyY
using personal cash to pay for a business expense: what's the journal entry
QuickBooks Pro for Windows
06/30/09 8:23am PDT, Viewed by asker 07/14/09 5:02pm PDT
Total Views: 482
06/30/09 8:23am PDT, Viewed by asker 07/14/09 5:02pm PDT
Total Views: 482
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!
07/01/09 9:34pm PDT
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
