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-   -   Recording and posting sales transaction (https://www.askmehelpdesk.com/showthread.php?t=768691)

  • Sep 24, 2013, 09:05 PM
    ed0623
    Recording and posting sales transaction
    I really need your help please

    1. The company invested 52,000 of his funds in the business
  • Sep 25, 2013, 10:53 AM
    pready
    This is not a sales transaction. It is an investment in the business. The journal entry will be:
    Debit Cash and Credit the owners Capital account for the amount of the investment.

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