Question Help Dixson Trade Mart has recently had lackluster sales. The rate of inventory turnover has dropped, and the merchandise is gathering dust. At the same time, competition has forced Dixson's suppliers to lower the prices that Dixson will pay when it replaces its inventory. It is now December 31, 2018, and the net realizable value of Dixson's ending inventory is $65,000 below what the company actually paid for the goods, which was $210,000. Before any adjustments at the end of the period, the Cost of Goods Sold account has a balance of $830,000 Read the requirements. Requirement b. Give any journal entry required. (Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required, select "No entry required" in the first cell in the "Accounts column and leave all other cells blank.) Journal Entry Date Accounts Debit Credit Dec 31 Choose from any list of enter any number in the input fields and then click Check Answer parts remaining Clear All CHECK ANSU Type here to search