In-kind contributions instead of owner Equity
My partner gave me a truck for my personal use in exchange for the remaining amount of money owed to start the business. We agreed to both put in the same amount and the truck to me was part of the deal. How do I categorize that within Wave. The one side is his owner equity account but the other side is not income, nor is it a withdrawal. So how to I categorize it so it does not throw off our profit and loss statement?