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-   -   Owners use of inventory (https://www.askmehelpdesk.com/showthread.php?t=141497)

  • Oct 16, 2007, 04:50 PM
    jkcorbin
    Owners use of inventory
    How do we make adjustments to the inventory for owners use of inventory and giving out free samples?
  • Oct 16, 2007, 05:17 PM
    Lorsung23647
    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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