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Updated almost 8 years ago,
Need help posting purchase of rental property to Quickbooks
Hi there...I'm a newbie and I need HELP!! Can someone please tell me what the J/E would be for the attached Settlement Statement? This property is in a LLC, but we paid for it personally, so do I first need to include an entry that debits Cash for $74,092.10 and credits Contribution to Owner's Equity?? Thanks SO much!!!! :-)