Last year bell-bottom jeans were fashionable and this year bootcut jeans are. A retail company's inventory has 825 bell-bottom jeans that cost $16.75 each and could be replaced for $19.25. The inventory also includes 1.450 bootcut jeans that cost $19.75 each and could be replaced for $17.75. Prepare the journal entry that would be used to make the adjustment, and show the effects of the adjustment on the accounting equation. (Leave no cells blank; if no effect, select " NE ". Omit the " s " sign in your response.)