Accounting

IRS refreences

Journal transactions

  • Starting Business with $7000
Account Debit Credit
Cash $7000
Owner's Investment/Drawing $7000
  • Asset ( $7000 ) = Liability + Equity ( $7000 )
    • Cash ( Asset Account )
    • Owner's Investment/Drawing ( Equity Account )
  • Purchasing Inventories
Account Debit Credit
Cash $100
Inventory $100
  • Asset ( $7000 ) = Liability + Equity ( $7000 )
  • Cash ( Asset Account )
  • Inventory ( Asset Account )

Self-Employed Tax

Last modified 20 months ago Last modified on 04/16/17 16:30:38