torin_cunningham
Level 1

how do i record owner's equity distributions

owner's equity distribution and journal entry
Solved
Shahul Hameed India
Level 2

Other questions

Just go to Journal Entry and perform the below entries.

Example :

Owners Equity A/C 1  $450Cr.

Owners Equity A/C 2   $600Cr.

Owners Equity A/C 3    $450Cr.

Retained Earnings A/C $1500

 

That's it. 

 

View solution in original post

Shahul Hameed India
Level 2

Other questions

Just go to Journal Entry and perform the below entries.

Example :

Owners Equity A/C 1  $450Cr.

Owners Equity A/C 2   $600Cr.

Owners Equity A/C 3    $450Cr.

Retained Earnings A/C $1500Dr.

 

That's it.