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-   -   Journal entry of own money to start business (https://www.askmehelpdesk.com/showthread.php?t=632580)

  • Feb 2, 2012, 12:26 AM
    beginnerT
    Journal entry of own money to start business
    Clint contributed 2000 of his own money to start the business will the journal entry be cash(assets) dr: 2000 ? Are their any other accounts affected
  • Feb 2, 2012, 12:19 PM
    pready
    Debit Cash for 2,000
    Credit Clint, Capital for 2,000 (this is an owners equity account)

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