Some of M and T Electronics's merchandise is gathering dust. It is now December 31, 2018, and the current replacement cost of the ending merchandise inventory is $14.000 below the busin's any adjustments at the end of the period, the company's Cost of Goods Sold account has a balance of $412.000 Requirement 1. Journalize any required entries. (Recond debits first, then credits. Select the explanation on the last line of the journal entry table. For situations that entreguen en in the "Accounts" column and leave all other cells blank) The required journal entry would be Date Dec. 31 Accounts and Explanation Debi Cred Requirements 1. Joumalze any reques 2. At what amount should the company report merchantseerry on he balance sheet 3. At what amount should the company report cast af goes wild on 1 4 Which accounting principle or concept most the sa Print Done