Why is this happening?

JOSEPH AIELLO jraiello at verizon.net
Mon May 20 20:11:40 EDT 2013


Hi Derek;


So I established an Opening Balance of $1000 in the checking acct of the Asset account as follows:
assets $1000
    current assets $1000
           checking acct $1000
            . ....
            .
            .
equity $1000
 
 conduct a payroll expense of $400 
 and get the following:
 
 Assets $600
      .
      checking acct $600
      .
      .
      .
 Expenses $400
Equity $1000
 
looking at the Equity statement, I get this:
***************************************************************                                
Capital, 01/01/2013     $0.00
Net loss for Period $400.00    
Investments for Period $2,800.00    
Withdrawals for Period $1,800.00    
Increase in capital     $600.00
Capital, 12/31/2013     $600.00
*******************************************************************
 
How did Investments and Withdrawals get these values?
 
This is driving me crazy.
 
   ...... thanks ....joe


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