7. M. J. Roberts Supplies had merchandise inventory that cost $2.900. The market value of the merchandise nentory is $1300 What value should Roberts Supplies show on the balance sheet for merchandise inventory? Record the adjusting entry one is needed What value should Roberts Supplies show on the balance sheet for merchandise inventory? A $2,100 OB. $1.800 OC. $300 OD. $3,900 Record the adjusting entry, if one is needed. Record debits first, then credih. Select an explanation on the last line of the journal entry table For stations that do not require an entry, make sure to select "No entry required in the first colin the "Accounts and explanations column and leave all other cells blank) Date Accounts and explanations Debit Crede Dec 31