As has been stated in a previous post, there are many ways to resolve accounting issues, and you can often get many different answers to one question because everyone has their preference in how to do something based on their own experience. There is rarely just one single way to handle a scenario like this, so it is important to consider the specific factors in each set of companies to choose the best option for each company.
If there are tax implications in these entries, a tax professional should be consulted to discuss the most appropriate way to post these entries based on the tax structure of each company in each scenario.
In the end, I think we all provided very similar suggestions though... creating a loan or payable between companies. We just all had different ways of going about it. Another method that I believe was mentioned was to use equity accounts, which is also an option, depending on the company's circumstances and tax structure.
Getting caught up in the back and forth of JE's, debits/credits, or who has what experience doing what has made this even more confusing, so hopefully we can all move past that now and focus on providing a solution while recognizing that we each have unique experiences that provide different POV's.
