Required information [The following information applies to the questions displayed below) A local Chevrolet dealership carries the following types of vehicles: Inventory Items Vans Trucks 2-door sedans 4-door sedans Sports cars SUVS Quantity 3 6 2 2 3 5 Unit Cost $23,500 17,300 12,300 16,300 33,500 28,600 Unit NRV $21.500 16,300 14,300 19,300 36,500 24,500 Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks 3. Prepare necessary entry to write down inventory from cost to net realizable value. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 3. Prepare necessary entry to write down inventory from cost to net realizable value. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 > x M Record the adjustment for inventory. ences Note: Emer debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal