Question: Graded Assignment 3 - Chapters 5, 6, and 7 Question 9 of 12 - 15 E Current Attempt in Progress Calabogie Camera Shop Ltd. reports

Graded Assignment 3 - Chapters 5, 6, and 7 Question 9 of 12 - 15 E Current Attempt in Progress Calabogie Camera Shop Ltd. reports the following cost and retreatable value information for its inventory December 31 Units Unit Cost Unit NRV 5163 B Cameras Sony Canon Light Meters Gossen Sekonic 12 139 142 117 10 121 Question 9 of 12 .../15 E (b) Prepare the adjusting journal entry required, if any, to record the lower of cost and net realizable value of the inventory assuming Calabogie Camera Shop uses a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31

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