mr. Decker invested $20,000 in cash in his new business. How does the company record the investment?
- olliverLv 63 weeks ago
DR: Cash 20,000
CR: Capital 20,000
- Don GLv 73 weeks ago
DR Cash CR Decker / Proprietorship
- Anonymous3 weeks ago
Is the business a sole proprietorship? LLC? S-Corp?
Is he the sole owner/shareholder?
Is the investment a loan?
We are not clairvoyant.
- danxp2Lv 63 weeks ago
For alimony and child support reasons the company keeps it off the books... oh wait.