Small business

I run a small candy business and I am getting ready to make my first large purchase of inventory. I am going to purchase $365 worth of candy. This purchase will be a total of 165 pounds of candy or... more

Let's assume someone wanted to start a small, simple business. They go through all of the paperwork to get an LLC, they set up a business checking account and they are ready to go. Such an... more

Note: I'm currently using cash basis accounting. Just recently I've started using QuickBooks Online to keep track of my profit and loss as well as pay my employees. The problem I'm facing is that... more

If you use personal money to pay for expenses (advertising, equipmemt), how do you represent this in a journal entry? Normally, if the money was coming from the business, you would just decrease... more

This is new territory for me as I will not be making any profit on the actual hardware or installation, but I have done all the research and leg work for a new install at a school.  The hardware... more

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All of the following actions result in equity capital EXCEPT ________. issuing bonds liquidating assets issuing stock reinvesting earnings