Ask Me Help Desk
>
Business & Careers
>
Accounting
> Preparing a balance sheet
Log in
View Full Version :
Preparing a balance sheet
bibi35
Sep 28, 2010, 09:24 AM
Purchase a building for 240,000, Owner invest 70,000 and business paid 170,000, How do I enter this transaction to balance sheet?
pready
Sep 28, 2010, 10:06 AM
Debit Building for the amount
Credit Cash for the amount paid
Credit Owners' Equity for the amount invested