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    k0335910's Avatar
    k0335910 Posts: 1, Reputation: 1
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    #1

    Feb 1, 2018, 01:41 PM
    Where do I post invest money in business on general ledger
    How do I post investing money into a business and purchases of goods for resale and cash sales totaled 8750.-- cogs 5,000 how do I post these to my general ledger. I tried to do this but professor said it wasn't right.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 172
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    #2

    Feb 1, 2018, 03:32 PM
    If you mean this is capital injected into the business then debit cash and credit proprietors equity, credit cash debit purchases, debit cash credit sales.

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