Included in the inventory account are 50 computer monitors that were purchased for $75 each. These monitors were purchased for a specific client who ended up backing out on a contract with Jordon. The monitors would have been sold for $150 each if the contract had continued. The monitors have been sitting in inventory most of the year and are now an out-of-date model. The monitors can be sold to an online overstock company for $30 each. Jordon will have to pay $80 of shipping to have the monitors delivered to the online retailers warehouse. If Jordon were to buy the monitors now from the manufacturer, they would cost $45 each.

How would this transaction be journalized? ?