ThomasM125
Expert Alumni

Business & farm

On your prior year balance sheet schedule L you should see listed your  Shareholder withdrawals account balance and Shareholder Contributions account balance included in an entry on your assets side and Liabilities and Equity side of the balance sheet. If those accounts have been cleared then you need to move the balance in them to Retained Earnings on the schedule L.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"