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-   -   Journalize inventory (https://www.askmehelpdesk.com/showthread.php?t=71926)

  • Mar 14, 2007, 06:41 AM
    sam33
    Journalize inventory
    How to journalize this


    Counted the inventory and determined there were actually 74 chairs on hand
  • Mar 14, 2007, 12:53 PM
    CaptainForest
    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

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