Can anyone help me figure out for my client how to record assets that mysteriously got forgotten. New client went back through asset list and indicated at least $20K of assets they purchased over the years with "cash" and they want those assets on their books. S corp entity. I'm not sure where the "cash" came from, as there were no withdrawals over the years. I have to assume pocket cash. The only entry I can use to get these assets on the balance sheet with owner contribution as an opening equity J/E? It's a small mom & pop company; no F/S audit consequence other than potential tax side of things.