3 owners

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3 owners: New company, 3 owners contributed 1000 each and this was put in company’s bank account. In exhange each got 10 shares worth 100.00 each. How to record?

No journal entry – you said they put in cash, so it would be coding directly onto the bank deposit slip(s)

Normally there would only be one GL account for all share capital – possibly with sub accounts if there are various types or classes of shares – but not broken […]

Resolution for '3 owners issue: 'New company, 3 owners contributed 1000 each and this was put in company’s bank account. In exhange each got 10 shares worth 100.00 each. How to record?' available: Yes.

The 3 owners issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the 3 owners issue yourself by looking for a resolution described in the article. If it is a complex 3 owners issue or you are unable to solve the issue, you may contact us by clicking here or by using other 3 owners support options.

For more information about resolving issues related to 3 owners in Quickbooks/QBO or to get support for the issue 'New company, 3 owners contributed 1000 each and this was put in company’s bank account. In exhange each got 10 shares worth 100.00 each. How to record?', click the link below:

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3 owners: How do I record Owner’s Equity amongst 3 owners?

I recommend you have the following for owner equity accounts

owner equity
owner equity drawing – you record value you take from the business here
owner equity investment – record value you put into the business here

in this case owner 1 = you would deposit 60K in the bank and use owner equity […]

Resolution for '3 owners issue: 'How do I record Owner’s Equity amongst 3 owners?' available: Yes.

The 3 owners issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the 3 owners issue yourself by looking for a resolution described in the article. If it is a complex 3 owners issue or you are unable to solve the issue, you may contact us by clicking here or by using other 3 owners support options.

For more information about resolving issues related to 3 owners in Quickbooks/QBO or to get support for the issue 'How do I record Owner’s Equity amongst 3 owners?', click the link below:

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