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Journal Entry for Personal Charges & Payment on CC so that it can be reconciled

I have an Amex that is used for business (a personal CC), I have one personal charge and so I went and paid that amount from my personal bank account. The rest of the transactions were entered into QB as an expense and a business check was written.

 

In order to reconcile the CC statement, I have to enter the personal purchase and personal payment so that the transactions show up to do the reconciliation. The question is, what GL accounts do I post the personal purchase and payment too? I could just leave them off and reconcile without them since both the debit and credit are a wash?

 

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Re: Journal Entry for Personal Charges & Payment on CC so that it can be reconciled

Yes you can reconcile without entering those personal expenses since they are a wash.

 

or to be technically correct and if you are NOT taxed as a corporation

enter the expense in the credit card and use owner equity drawing as the expense for the charge

then enter a CC credit and use owner equity investment for the credit