Comments for Posting Start-up Expenses For Sole Proprietor

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Jul 13, 2011
Sole Proprietor Start-Up Expenses
by: Steph

When incurring sole proprietor start-up expenses paid for from your personal accounts, you would generally run this through your equity account on the date it occured. A typical entry would be as follows:

Debit Start-up Expenses
Credit Owners Equity: Capital Contributions

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