The owner used personal funds to purchase misc. items for the business BEFORE the business bank account was created. I entered these items as expenses using the payment account "Owner Expense Payable". The account type is "Credit Card". Detail is "Credit Card". Does this make sense for the accountants to know to deduct this from his Owners Drawings throughout the year or is this a nonsensical way of doing this? Wondering now about a different equity account - but you cannot use an equity account as a payment account in an expense sheet which is how I'd like these transactions to show. Any help is appreciated!!
