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    Leanne Elliott's Avatar
    Leanne Elliott Posts: 1, Reputation: 1
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    #1

    Sep 12, 2013, 02:12 PM
    If the owner purchases a new computer for with personal funds, what is the entry?
    If the owner purchases the computer for use in the business only, what is the journal entry... I know you credit owners equity but what do you debit??
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Sep 12, 2013, 03:24 PM
    A Plant, Property, and Equipment account like Equipment or Computer.
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