Did I get these two questions right?

A retail firm sells $200 of goods. The following journal entry would be expected at the time of the sale: Inventory \$200 COGS $200 True False Question 3 (1 point) Saved Champlain Company has $4,000 of inventory on its balance sheet at the beginning of 2020. During the year, Champlain does not buy or sell any inventory, but a flood in their warehouse forces them to write down their inventory by $1,200. The following journal entry would be expected at the time of the writedown: COGS $1,200 Inventory Allowance $1,200 True False