I am not able to get Sch L, Balance Sheet to get in balance. I have assets but no liabilities.
I have one depreciable asset.
For Ex: Purchase Price $50,000.
Accum Depr ($25,000)
Net $25000.
Cash 2000.
No liabilities, no payables, and paid out cash distributions to member so Capital account is zero.
How do I balance this??
THANKS
