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cembick1
Level 1
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About cembick1
  • Trial balance shows net income of $213,000. My concern is having a negative equity balance all year, never having any balance in my investment equity, and alway...
    cembick1
    1
    Updated Jun 08, 2022
  • So my net income on this would look something like $213,000Sorry forgot to add
    cembick1
    3
    Updated Jun 08, 2022
  • Therein lies the problem. These are examples of what happens when I write a check to the partner. Assuming that this is the very first transaction for the accou...
    cembick1
    4
    Updated Jun 08, 2022
  • Thank you for your reply. I am aware of all of the above. My situation is as such:i.e. I deposit $500 to my bank (9637) from partner invest (30201) = 9637 INC $...
    cembick1
    6
    Updated Jun 08, 2022
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