Owner pays for inventory or office supplies out of his own pocket. It is a partnership not incorporated.
Is this the correct entry.
Inventory XXXX
Owner's Equity XXXX
Office Supplies XXXX
Owner's Equity XXXX
|
Owner pays for inventory or office supplies out of his own pocket. It is a partnership not incorporated.
Is this the correct entry.
Inventory XXXX
Owner's Equity XXXX
Office Supplies XXXX
Owner's Equity XXXX
Right.
| All times are GMT -7. The time now is 12:56 PM. |