Some of and Electronica's merchandises gathering dust. It is now December 31, 2018, and the current replacement cost of the ending merchandise inventory is $20,000 below the mess's cast of the goods, which $100,000. Before anys at the end of the period the company's cost of Goods Sold account has a balance of 5454.000 Road the former Requirement 1 Joumaire any required entries Record bitsfest the crot Select the exploration on the listine of the journal entry table For some that do not neem entry, sure is saluty Required in the first cell in the "Accounts column and feel the cells bank) The required journal entry would be Date Accounts and Explanation Debit Credit Requirement amount should the company report merchandise try on the balance sheet? Ed Sheerayot the balance sheet E and should one on the best Requirement. Al what amount odd the company report on the comment and should not good on the ment Itequirement Wichting in to the is the rest osumande Choose from any list of enter any number the input and then come to the question Requirements . ho ercha 1. Journalize any required entries. 2. At what amount should the company report merchandise inventory on the balance sheet? 3. At what amount should the company report cost of goods sold on the income statement? 4. Which accounting principle or concept is most relevant to this situation? eet a ost of ment a Print Done st reley