Homework Help: Accounting

Posted by Matt on Tuesday, April 27, 2010 at 1:52pm.

If the owner of a company invests personal funds into his company, where does that fit into the balance sheet.

I know the cash will increase, but I don't know how it put it in the equity section. For example, If Greg Jones invests $2000 into his company, would to equity section of Balance Sheet, in report form for the month of April, look like this?

EQUITY
G. Jones, Capital at March 31 = $70000
Net Income (loss)= $60000
G. Jones Drawings= -$5000
G. Jones Investment= $2000
G. Jones Equity at April 31= $127000

Thanks.

No one has answered this question yet.

Answer this Question

Related Questions

Accounting - If the owner of a company invests personal funds into his company, ...
Accounting - If the owner of a company invests personal funds into his company, ...
Accounting - When the owner of a company invests his personal funds into the ...
Accounting - If the owner of a business invests personal funds into the business...
Accounting - If the owner of a business invests personal funds into the business...
business - On a Corporation's balance sheet, a large tract of company-owned ...
Business - Assume the role of a small business owner. You have little funds to ...
math accounting - The following information was drawn from the accounting ...
accounting - what catergorie does this fit in. utilities: does is fit in income ...
accounting - what catergorie does this fit in. utilities: does is fit in income ...

For Further Reading

First Name:
School Subject:
Answer: