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Required information [The following information applies to the questions displayed below.] A...

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Accounting

Required information
[The following information applies to the questions displayed below.]
A company like Golf USA that sells golf-related inventory typically will have inventory items such as golf clothing and golf
equipment. As technology advances the design and performance of the next generation of drivers, the older models
become less marketable and therefore decline in value. Suppose that in the current year, Ping (a manufacturer of golf
clubs) introduces the MegaDriver II, the new and improved version of the MegaDriver. Below are year-end amounts
related to Golf USA's inventory.
Record any necessary adjusting entry to inventory. (If no entry is required for a transaction/event, select "No Journal Entry
Required" in the first account field.)
Journal entry worksheet
1
Record any necessary adjusting entry for inventory.
Note: Enter debits before credits.
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