Journal Entries for partners in a business
https://www.lukeko.com/7/journal-entries-for-partners-in-a-business 01. Partners transfers money to start the company
| Journal Entry | |||
|---|---|---|---|
| DR Cash | $50,000 | ||
| CR Contributed Capital by A | $50,000 |
"When an investor pays a company for shares of its stock, the typical journal entry is for the company to debit the cash account for the amount of cash received and to credit the contributed capital account"
https://www.accountingtools.com/articles/what-is-contributed-capital.html