I have a situation in which a DBA under a small business entity (LLC) has been restructured to be a new separate company to clearly split activities and bookkeeping. So, some data such as WIP (work-in-progress) cost which relates to the new business side in the old book must be transferred to the new company book.  Which account(s) should be used to do the below two tasks?

1) On the old book, I need to take down the portion of WIP value so that the value (and details) will be transferred to the new company's book. (so that, this old book will keep the other main company data only from now on)

2) For the new company's book, the portion of WIP data for this new business needs to be uploaded.

To maintain consistency on cleaning up old book and creating the new book, which account(s) can be used?

** Since this is a single owner small business, could I use "member draw" and "member contribution" as the bridge account to transfer the asset item?