Start-Up Costs as owner investment/drawing

T_NewBusiness

Hi there,

Quick question regarding expenses paid out of pocket. The only expenses incurred by our business in 2020 were paid out of pocket. I listed all of these expenses in the owner investment/drawing account type. When I run our balance sheet to prepare our taxes I noticed theses expenses show under equity. Is this correct? or should these expenses show as liabilities?

Thank you for any help you can provide!