Skip to main content
T
torin_cunningham
November 24, 2024
Solved

how do i record owner's equity distributions

  • November 24, 2024
  • 2 replies
  • 0 views
owner's equity distribution and journal entry
    Best answer by Shahul Hameed India

    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. 

     

    2 replies

    S
    Shahul Hameed IndiaAnswer
    November 24, 2024

    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. 

     

    S
    Shahul Hameed India
    November 24, 2024

    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. 

     

    Terms & ConditionsAccessibility statement