Question
Paid the Bills - Additional Paid in Capital
We have a small S corp, that because of the business climate struggled the last year. We were short on paying bills and we put our own money in to cover bills and expenses. Let's say there are 2 shareholders and we together put in 15$k. Is that marked in the Balance sheet? and anyplace else? I saw people mention on K-1 but section 12 is for deductions. I could use some help on getting balance sheet right for the state and just getting the money in the right place and any deductions or issues resolved,
Thank you for any help.
