Splish Company determined its ending inventory at cost and at LCNRV at December 31, 2020, December 31, 2021, and Decembe

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Splish Company determined its ending inventory at cost andat LCNRV at December 31, 2020, December 31, 2021, and December 31,2022, as shown below.
Cost
NRV
Prepare the journal entries required at December 31, 2021, andat December 31, 2022, assuming that a perpetual inventory systemand the cost-of-goods-sold method of adjusting to LCNRV isused. (Credit account titles are automaticallyindented when amount is entered. Do not indent manually. If noentry is required, select "No entry" for the account titles andenter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
12/31/21
12/31/22
eTextbook and Media
List of Accounts
Prepare the journal entries required at December 31, 2021, andat December 31, 2022, assuming that a perpetual inventory isrecorded at cost and reduced to LCNRV using the lossmethod. (Credit account titles are automaticallyindented when amount is entered. Do not indent manually. If noentry is required, select "No entry" for the account titles andenter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
12/31/21
12/31/22