17. The Bradford Company was recently required to record an inventory write-down of $5,200 because the market value of its inventory was less than cost. Assuming the amount of the write-down is not material (the total inventory was over $9,750,000 ), which of the following is the appropriate journal entry? 18. The Wilson Company purchased $44,000 of merchandise from the Poole Wholesale Company. Wilson also paid $3,000 for freight costs to have the goods shipped to its location. Which of the following statements regarding the necessary entries for the transactions is true? Wilson uses the perpetual inventory system. A. Total debits to the inventory account would be $47,000. B. Total debits to the inventory account would be $44,000. C. Transportation-in would be debited for $3,000. D. Total debits to the inventory account would be $41,000. 19. At the end of the current accounting period, Rodgers Co. recorded depreciation of $25,000 on its equipment. The effect of this entry on the company's balance sheet is to: A. decrease assets and increase liabilities. B. decrease owners' equity and increase liabilities. C. decrease assets and increase owners' equity. D. decrease owners' equity and decrease assets