jskouberdis
Level 5

There are no written notes.  These are just advances to the company when they need money.  Could I just recharacterize them as capital contributed with a journal entry or would I need some type of written confirmation from the owner.  Can I just use the AAA account for capital contributions and repayments of contributions can be just distributions or should the AAA account be used more for permanent type of items.

Thanks for your previous response.

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