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Thanks for the response. First year, I didn't have the retained earnings. I transferred distribution directly to my bank account on a quarterly basis. During ye...
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Thanks for your response. I am confused. Why I debit Retained Earnings? Can you please elaborate?
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2018 was my first year using quickbooks. I have the S Corp. I took out 50% in payroll and 50% as a shareholder distribution paid through bank transfer and a net...
