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sam33
Mar 14, 2007, 06:41 AM
how to journalize this


counted the inventory and determined there were actually 74 chairs on hand
CaptainForest
Mar 14, 2007, 12:53 PM
What is the balance in the account?

Let’s say it is 174.

That means you used up 100 (174-74)

Dr. COGS 100
Cr. Inventory 100