Hii!! Okay so this is what I am dealing with.
I started my trucking business but I did not have any startup money. My wife used her credit card to pay for my insurance deposit which was $10,000 now plant to start paying her back $500 every week. I want to pay her from the business bank account. How would I record these $500 payments when I am doing my bank reconciliations? Should I treat this like a loan and put it as a liability? But the 10,000 was never deposited in my business bank account. I have a corporation. Help!
