Question: please help Exercise 9-11 Swifty Company has been having difficulty obtaining key raw materials for its manufacturing process. The company therefore signed a long $428,400.

Exercise 9-11 Swifty Company has been having difficulty obtaining key raw materials for its manufacturing process. The company therefore signed a long $428,400. At December 31, 2020, the raw material had declined in price to $394,520. What entry would you make on December 31, 2020, to recognize these facts? (Credit account titles are automatically indented when the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Click if you would like to Show Work for this question: Qren Show Work process. The company therefore signed a long-term noncancelable purchase commitment with its largest supplier of this raw material on November 30, 2020, at a nt titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account tit
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