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2. Prepare the journal entry that Peterson Furniture Designs would record on December 31 to write-down its inventory to LCM. (if no entry is required

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2. Prepare the journal entry that Peterson Furniture Designs would record on December 31 to write-down its inventory to LCM. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet

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