Hello.
Can anyone confirm the general ledger postings for the sale of an inventory item?
Really would appreciate your help.

Thank you.
Jenni

There are two ways to journalize the entry depending on Inventory System you're using.

Under the Periodic Inventory System,
Debit. Cash or Accounts Receivable
Credit. Sales

Under the Perpetual Inventory System,
Debit. Cash or Accounts Receivable
Credit. Sales

Debit. Cost of Goods Sold
Credit. Inventories