From the community
How do I reclass a deposit from Equity to Loan Payable? The journal entry should be Debit Equity and Credit Loan Payable but it looks like the balance in Equity is debit
I initially recorded the deposit to Equity but later found out that it should have been recorded to a loan...
- ABookkeepingCo has not answered any questions.
ABookkeepingCo has not provided any information.
ABookkeepingCo is not following any tags.