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ken-lavell
Level 1

Paying personal purchases on company credit card.

I’m the sole owner of an s-corp and have an owner’s equity account. This months cc bill  has both personal and business purchases. I would like to pay off the credit card balance using $ from the company checking account.

 

For example :  I owe $150 on the cc, $25 for personal purchases and $125 for business purchases. What is the best way of dealing with this in QB.  Do I draw the $25 out of the owners equity account?

  

thx

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