The business started with capital of $40,000 in cash. Banked $30,000 how do I record? [Archive]

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MaryLewis

Oct 26, 2013, 11:06 AM

July 1 The business started with capital of $40,000 in cash.
July 2 Banked 30,000, and rented a "display case/counter" from "Display Worldwide" @ $1,000 per week, paying the first week by cheque.

excon

Oct 26, 2013, 11:09 AM

Hello Mary:

Hire a CPA to set up your books. It'll be CHEAP.

excon

MaryLewis

Oct 26, 2013, 11:13 AM

Hello Mary:

Hire a CPA to set up your books. It'll be CHEAP.

excon

I wish I could excon but this for a project.