One inventory category equals $2,000, another equals $5,500, and the third equals $12,000. Together they equal an inventory of $19,500, or a value of $2.79 per piece.

Retail businesses have unique accounting challenges. Here's a guide that will get you through the basics. Many, or all, of the products featured on this page are from our advertising partners who ...

Recording a sales discount in the general journal involves making two separate entries. The general journal is the ledger that accounts for most company transactions. When a discount is applied to ...