Recording K-1 Income on Books of Parent

[HarrisonII]

I want to take K-1 Change in Capital Accounts directly to Investment and Retained Earnings. Is an increase in Capital Account a Debit to Investment and a Credit to Retained Earnings?

 

[smallbushelp]

An owner or investor's capital account is an equity account. An increase to an equity account is a credit entry. I think you have it reversed.