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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