I divided my company into 2 product segments and created a new company with a new capital partner. My contribution was through inventory (Raw materials, resale, and finished goods). This is a manufacturing company. On my initial contribution my employee input the balances in beginning balances, which does not reflect on the balance sheet. Do I need to add these in by manual inventory adjustments for the beginning balances or can I make an adjustment to the raw materials, finished goods, and resale by adding in the value and crediting my owner contribution account. Any advice on how the initial product contribution and how it should be entered is much appreciated.
Thank you,
Cody Bunderson
