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A retailer finds some old inventory in their warehouse that they plan to sell. It was not previously in their accounting system. In Quickbooks what
A retailer finds some old inventory in their warehouse that they plan to sell. It was not previously in their accounting system. In Quickbooks what kind of entry would they make to add this inventory back in? Keep in mind that it was purchased a long time ago. Assume it is all one item, say trash cans and their cost is $20 each.
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