What would a balance sheet look like and the exact category of each line for the following scenario? I don't know at all what I'm doing.
LLC S-corp with $0 beginning and $0 ending balance
$60,000 income
$200,000 Paid-in capital
$30,000 Land
$25,000 EIDL
$250,000 Building in process
$30,000 expenses
$5,000 bad debt
(I got a PPP a couple of years ago when I was sole proprietor and feel I can list it or not list it as it's the same business and I'm 100% just me, is there a benefit to listing it and reduce the paid-in capital, or leave it as paid-in capital)
