We paid off the $73,025.81 remaining loan amount with our business account, however, $30,000 of that came from our personal funds investment.
I did the entry like this:
Business checking $73025.81 Credit
Excavator Loan $73025.81 Debit
But how do I also debit the $30,000 from owner investments to reflect the amount we personally used? Every way I try to add it says it's not in balance.
We added the personal money ($30,000) to the business account and then put it in quickbooks as "owner investment" and then paid the lump sum out of the business account.
Please help!
