S Corp Loan

Technical topics regarding tax preparation.
#1
Sigmafs  
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1
Joined:
8-Mar-2020 9:40am
Location:
CA
Any guidance is appreciated as I've just not experienced this;

An S Corp single shareholder refi's a dental practice loan with additional cash. The client withdrew the additional cash from the S Corp account. Schedule L Balance Sheet is not balancing. I suspect it's how the withdrawal is recorded. Any suggestion as to proper entry?

Thank you.
 

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