TB Problem 7-199 (Algo) Bonnie Denim Company sells blue jeans.... Bonnle Denim Company sells blue jeans. Last year, skinny jeans were fashionable; this year, relaxed-fit jeans are in style. The company has 605 units of skinny jeans with a cost of $28 per unit and a market value of $26 per unit. The inventory also includes 1,230 units of relaxed-fit jeans with a cost of $28 per unit and a market value of $30 per unit Required: Prepare the journal entry, if any, that is required to adjust the inventory account. (If no entry is required for o transoction/event, select "No Journol Entry Required" in the first account field.) TB Problem 7-199 (Algo) Bonnie Denim Company sells blue jeans.... Bonnle Denim Company sells blue jeans. Last year, skinny jeans were fashionable; this year, relaxed-fit jeans are in style. The company has 605 units of skinny jeans with a cost of $28 per unit and a market value of $26 per unit. The inventory also includes 1,230 units of relaxed-fit jeans with a cost of $28 per unit and a market value of $30 per unit Required: Prepare the journal entry, if any, that is required to adjust the inventory account. (If no entry is required for o transoction/event, select "No Journol Entry Required" in the first account field.)