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-   -   If the owner purchases a new computer for with personal funds, what is the entry? (https://www.askmehelpdesk.com/showthread.php?t=766896)

  • Sep 12, 2013, 02:12 PM
    Leanne Elliott
    If the owner purchases a new computer for with personal funds, what is the entry?
    If the owner purchases the computer for use in the business only, what is the journal entry... I know you credit owners equity but what do you debit??
  • Sep 12, 2013, 03:24 PM
    pready
    A Plant, Property, and Equipment account like Equipment or Computer.

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