How to do these steps in QBO? Record an owner’s contribution on 1/14/20 to Owners (a new vendor) after receiving a check
Posted: Thu Apr 28, 2022 10:52 am
How to do these steps in QBO?
Record an owner’s contribution on 1/14/20 to Owners (a new
vendor) after receiving a check that was immediately deposited in
the amount: $40,000 to account: Owner’s Equity.
Record the deposit of funds from a new note payable signed on
1/16/20 with Chase Bank (a new vendor) in the amount of
$32,000.
Record the payment to Rabobank (a new vendor) to retire an
existing note payable on 1/17/20 of $23,000 with interest of $300
using check 325 for a total of $23,300.
Record the purchase of a building from Leeds, Inc., (a new
vendor) on 1/17/20 in exchange for a note payable of $31,800.
Record an owner’s contribution on 1/14/20 to Owners (a new
vendor) after receiving a check that was immediately deposited in
the amount: $40,000 to account: Owner’s Equity.
Record the deposit of funds from a new note payable signed on
1/16/20 with Chase Bank (a new vendor) in the amount of
$32,000.
Record the payment to Rabobank (a new vendor) to retire an
existing note payable on 1/17/20 of $23,000 with interest of $300
using check 325 for a total of $23,300.
Record the purchase of a building from Leeds, Inc., (a new
vendor) on 1/17/20 in exchange for a note payable of $31,800.