I've invested $84K in my business 1st year and took a huge loss of $40K, so my capital account was $42K.
My partner then joined and she agreed to buy 44% of the business with $42K, I then withrew $20K and left $22K in the company.
Can you tell me what the journal entries are?
My partner then joined and she agreed to buy 44% of the business with $42K, I then withrew $20K and left $22K in the company.
Can you tell me what the journal entries are?