Owners use of inventory

jkcorbin · #1 Oct 16, 2007, 04:50 PM

How do we make adjustments to the inventory for owners use of inventory and giving out free samples?

Lorsung23647 · Oct 16, 2007, 05:17 PM

Owners use of inventory is a debit to owners' drawing and a credit to the supplies/inventory, whichever you're using...Free samples would be credit to supplies/inventory and a debit to miscellaneous expense, if I remember right.



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