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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.

Record any necessary adjusting entry to inventory. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry

Required" in the first account field.$)$

Journal entry worksheet

$1$

Record any necessary adjusting entry for inventory.

Note: Enter debits before credits.