The Larisa Company is exiting bankruptcy reorganization with the following accounts: Receivables Inventory Buildings Liabilities Common stock Additional paid-in capital Retained earnings (deficit) Book Value $ 81,000 201,000 301,000 301,000 331,000 22,000 (71,000) Fair Value $ 92,000 212,000 402,000 301,000 The company's assets have a $761,000 reorganization value. As part of the reorganization, the company's owners transferred 70 percent of the outstanding stock to the creditors. Prepare the journal entry (or entries) necessary to adjust the company's records to fresh start accounting. (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 Record the entry to adjust asset values to fair value. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal