Bookkeeping question

[Michael Shadow]

Anyone know how to record in your company's books a HELOC payment on your primary home that you invested in your business?

Confused? I may be able to explain it better with an example:

$10k from HELOC invested in the business

Shows as owners capital in the company's books.

First payment is say $200, $75 for princ and $125 for interest.

Do I record the payment in the books as a $200 decrease in owners capital then increase the owners capital by $125 as a charge back for the interest portion?

Basically the company needs to pay me for the HELOC payment but I"m not sure how to record it so that the principle amount decreased shows as a capital decrease yet the interest shows as an interest payment.

Any insights would be super.

Thanks,

-Michael