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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.
Journal entry worksheet
Record any necessary adjusting entry for inventory.
Note: Enter debits before credits.
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