1 New company – Entry

Question

The bank stmt company I’m sending you this time is a very simple consulting company. (We don’t have much transaction volume. I deleted the name of the company and sent it to you. Please name it 227 Grand.)
1) When you set up the company, you can use the conclusion company, C-corp.
2) Deposit is incoming.
3)3). Deposit / withdrawal ?? ??, online transfer from checking 7220
I gave the loan to 7220 and got the repaid again. (Please use the other current asset and take care of it as the loan exchange. It’s a B/S item transaction.)
4) You can refer to Memo for each expense. And if you don’t know which account you’re going to use Payee, you can search on Google and record it.
(e.g. Google search for Verizon – Internet phone company Verizon -> Utilities exp. ,
USPS :postal expense – > Office expense. )

I made a new company and tried for a month,
Please hand out Profit and loss stmt (I/S), Balance sheet (B/S), and General ledger. I will send you the rest of the bank data after checking if it goes well.

2. I’ll let you know the bank record.

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