4 The Larisa Company is exiting bankruptcy reorganization with the following accounts: Book Value Inventory Buildings 3.75 points Common stock Retained earnings (deficit) Receivables $ 80,000 Fair Value $ 90,000 200,000 210,000 300,000 Liabilities 300,000 400,000 300,000 330,000 Additional paid-in capital 20,000 (70,000) eBook Print The company's assets have a $760,000 reorganization value. As part of the reorganization, the company's owners transferred 80 percent of the outstanding stock to the creditors. Prepare the journal entry (or entries) necessary to adjust the company's records to fresh start accounting. (If no entry is required for transaction/event, select "No journal entry required" In the first account field.) References View transaction list View journal entry worksheet No 1 Transaction 1 General Journal Receivables Inventory Buildings Goodwill Retained earnings Additional paid-in capital 2 2 Receivables Inventory Buildings Goodwill Retained earnings Additional paid-in capital Debit Credit 10,000 10,000 100,000 60,000 70,000 110,000