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    ed0623's Avatar
    ed0623 Posts: 9, Reputation: 1
    New Member
    		  
    #1

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

    1. The company invested 52,000 of his funds in the business
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Sep 25, 2013, 10:53 AM
    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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