Question: Kieso, Intermediate Accounting. 16e Help System Announcements CALCULATOR PRINTER VERSION OR NEXT Problem 9-3 Flint Company determined its ending inventory at cost and at LCNRV

 Kieso, Intermediate Accounting. 16e Help System Announcements CALCULATOR PRINTER VERSION OR
NEXT Problem 9-3 Flint Company determined its ending inventory at cost and

Kieso, Intermediate Accounting. 16e Help System Announcements CALCULATOR PRINTER VERSION OR NEXT Problem 9-3 Flint Company determined its ending inventory at cost and at LCNRV at December 31, 2017 December 31, 2018, and December 31, 2019, as shown below Cost NRV 12/31/17 $644,900 $644,900 12/31/18 827,500 752,800 12/31/19 991,500 909,600 Prepare the journal entries required at December 31, 2010, and at December 31, 2019, assuming that a perpetual Inventory system and the cost-of-goods sold method of adjusting to LCNRV is used of an allowance account. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No entry for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit 12/31/18 12/31/19 SHOW LIST OF ACCOUNTS SHOW LIST OF ACCOUNTS LINK TO TIXI Prepare the journal entries required at December 31, 2018, and at December 31, 2019, assuming that a perpetual Inventory is recorded at cost and reduced to LCNRV using an allowance account under the loss method. (Credit account titles are automatically indented when amount is entered. Do not mindent manually. If entry is required, select "No entry for the account titles and enter o for the amounts.) Date Credit Debit Account Titles and Explanation 12/31/18 12/31/19 SHOW LIST OF ACCOUNTS LINK TO TEXT SUBMIT ANSWE Question Attempts: 0 of 3 used SAVE FOR LATER F 10 F11 F12 F8 F F6 FZ F 1 . F5

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