Question $3$ of $9$

$\frac{1}{2}$

Inventory at the lower of cost and net realizable value

$

eTextbook and Media

List of Accounts

Attempts: $1$ of $3$ used

$($b$)$

Prepare any journal entry required to record the LCNRV$,$ assuming that Pronghorn uses a perpetual inventory system. $($List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

June $30$

eTextbook and Media

List of Accounts

Soucforlater

Attemnts: $0$ of $3$ used