The debit entry is what you bought for $350K (the allocation of the purchase price). Was this an asset sale? If so, allocate the $350K between the assets purchased (inventory, fixed assets, non-compete, goodwill, etc.).
Sign in for expert help
Ask questions, post replies & join our community of QuickBooks users.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
