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A company like Golf USA that sells golf$-$related inventory typically will have inventory items such

as golf clothing and golf equipment. As technology advances the design and performance of the

next generation of drivers, the older models become less marketable and therefore decline in

value. Suppose that in the current year, Ping $($a manufacturer of golf clubs$)$ introduces the

MegaDriver II$,$ the new and improved version of the MegaDriver. Below are year$-$end amounts

related to Golf USA's inventory.

Journal entry worksheet

Record any necessary adjusting entry for inventory.

Note: Enter debits before credits.