Setting up equipment assets for new business

[Yawar Amin]

On Sun, Jun 28, 2009 at 2:40 PM, John Jason Jordan <johnxj at comcast.net>wrote:

> [...]
>
> Now I'm off to google some more for how to add items to inventory which
> were not directly purchased (no offsetting cr to cash). Google is not
> helping so far - lots of stuff for huge corporations and special rules
> - FIFO, accrual, etc. Haven't found anything relating to a little guy
> who manufactures his own inventory in his garage.


I'd be crediting Equity:Contributions again as the offset. If I'm putting in
my time and effort, that's equity that I'm putting into the business.