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General Accounting Discussions: What Inventory method would I use for a small e-bay business? How would I journalize the entry?

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    • CommentAuthorHolley
    • CommentTimeJul 8th 2009
     
    We are starting a small business selling on E-bay, the inventory is not being purchased because it belongs to the business owner. How would I journalize the entry for Inventory? Would I still credit Accounts Payable for the cost of the item?

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