Asked by jessica

If you are puchasing furniture from your business and want to use your own owners equity instead of cash what would be the journal entry if any

Answers

Answered by Biily
it would be same as a cash purchase I think, you would just credit owner equity instead of cash.
Answered by Randy
biily is right, credit owner equity, debit the assets. Unless they're not listed, in which case there's no entry.
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