Question
Instruction: Record a Journal Entry for 01/01/17 to close Opening Balance Equity. Transfer the initial investment of $90,000 (balance of Checking account) into Your Name,
Instruction: Record a Journal Entry for 01/01/17 to close Opening Balance Equity. Transfer the initial investment of $90,000 (balance of Checking account) into Your Name, Investment and the remaining amount into Your Name, Capital.
| Opening Balance Equity | 109,918 | |
| Your Name, Investment | 90,000 | |
| Your Name, Capital | 19,918 |
Did I do this right?
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Financial Accounting An IFRS Perspective In Romania
Authors: Adriana Dutescu
1st Edition
3030294870, 978-3030294878
