The historical cost of Jahn Company's ending inventory was less than the net realizable value. The company uses FIFO. Following U.S. GAAP, which journal entry is required? O A. debit Cost of Goods Sold and credit Inventory O B. debit Inventory and credit Cost of Goods Sold OC. debit Cost of Goods Sold and credit Sales OD. No journal entry is needed. The most frequently used current liabilities are accounts receivable and notes receivable. O True O False