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This is owner contribution/investment it is not correct. Can you please help me with how to categorize the debit and credit? Journal date Journal no.
This is owner contribution/investment it is not correct. Can you please help me with how to categorize the debit and credit?
Journal date Journal no. 03/01/20211 14 # ACCOUNT DEBITS CREDITS DESCRIPTION NAME 1 Refundable Depostis 2,500.00 Refundable Deposits 2 Undeposited Funds 2,500.00 Refundable Deposits 3 Rent Expense 3,000.00 1 month rent - March (prior to opening) T 4 Unapplied Cash Bill Payment Expense 3,000.00 1 month rent - March (prior to opening) 5 Refundable Depostis 900.00 Electricity Deposit (Refundable) T 6 Undeposited Funds 900.00 Electricity Deposit (Refundable) 7 T 8 Add lines Clear all lines MemoStep by Step Solution
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