Thanks for getting back to us, @qbofree5-gmail-c.
Along with the steps my colleague has provided above, I recommend consulting with your accounting professional for this one. Your accountant can review your books and advise the best way to record the transfer based on your business needs. If you don't have an accountant, don't sweat it. You can find one here in our Resource Center.
Please let me know if you have any other questions or concerns. Take care!
