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What is the effect on the general ledger

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A client wants to donate five widgets (set up as inventory items) to a charity. In the item setup, the cost is $5 and the sales price is $10. The client originally purchased 50 widgets at $6 per widget.

Problem 1: What is the effect on the General Ledger when this donation is recorded on a Sales Receipt?

Reference no: EM132776677

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