Hi there, BardwellJ.

Let me share some information about how inventory adjustment works.

Take note that you can only select one account when you create or edit an inventory adjustment. Once you save the transaction, QuickBooks Online automatically records appropriate adjustments to your stock Asset and Cost of Goods Sold (under Stock Shrinkage) accounts.

For the line containing the quantity, you can open the adjustment and change the stock adjustment account. For the line containing the value, you'll have to change the inventory asset account of the inventory items involved.

I would also appreciate it if you could tell me how did you adjust your inventories. This way, I'll be able to provide you with additional explanation/information.

Lastly, here's an article that you can read to help manage your inventory in QBO: Set up and track your inventory.

Feel welcome to reach out to me again with any concerns or questions you may have. I'll always have your back.