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    malccounting's Avatar
    malccounting Posts: 11, Reputation: 1
    New Member
    		  
    #1

    Feb 13, 2011, 10:27 AM
    Easy Question Looking for Quick Answer
    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
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
    Ultra Member
    		  
    #2

    Feb 13, 2011, 11:50 AM

    Right.
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