. On October 1, 20X8, your company signs a $10,000 purchase commitment for goods to be delivered on March 5, 20X9. At year-end 20X8, the estimated value of the goods on order is $8,000. a. Present the journal entries to reflect the purchase commitment at year-end 20X8. b. If, on March 5, 20X9, the market value of the goods is $7,000, present the journal entry to record this change