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October 23, 2014

Homework Help: Accounting

Posted by Matt on Tuesday, April 27, 2010 at 8:01pm.

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.

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