- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Installment Sale
I sold my S-Corp's assets in 2022. The Equipment component was a cash sale and the Goodwill component was an installment sale covering 3 years. My question is what does my Balance Sheet look like at the end of 2022 (Year 1)? The company isn't operating anymore, so I am thinking that the only asset I have is the Installment Income Receivable? What about the offsetting capital entry?
Topics:
posted
August 14, 2023
2:00 PM
last updated
August 14, 2023
2:00 PM
Connect with an expert

Do you have an Intuit account?
You'll need to sign in or create an account to connect with an expert.
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Installment Sale
Duplicate post.
August 14, 2023
3:42 PM
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post