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-   -   Paid In Capital - in kind contribution (https://www.askmehelpdesk.com/showthread.php?t=123535)

  • Aug 28, 2007, 05:10 AM
    williambrabb
    Paid In Capital - in kind contribution
    we are a small business
    instead of $ one of the partners is ownership of computer hardware (market value of approximately $1600) and other office items to the company.

    I would like to have this contribution eventually show as Paid in Capital (GL account #39004).

    Any suggestions as to how I can reflect this in our accounting system (peachtree premium 2007) would be appreciated.
  • Aug 28, 2007, 05:11 AM
    williambrabb
    Quote:
    Originally Posted by williambrabb
    we are a small business
    instead of $ one of the partners is ownership of computer hardware (market value of approximately $1600) and other office items to the company.

    I would like to have this contribution eventually show as Paid in Capital (GL account #39004).

    Any suggestions as to how I can reflect this in our accounting system (peachtree premium 2007) would be appreciated.
    the post should read

    "instead of $ one of the partners is Transferring ownership of computer hardware (market value of approximately $1600) and other office items to the company
  • Aug 28, 2007, 09:12 PM
    CaptainForest
    Dr. Computer Hardware/Office Supplies 1,600
    Cr. Contributed Capital/Paid in Capital 1,600

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