The Larisa Company is exiting bankruptcy reorganization with the following account balances:   Net Book Value Fair Value Receivables $ 100,000 $ 130,000 Inventory 220,000 250,000 Buildings 320,000 440,000 Liabilities 820,000 820,000 Common stock 150,000   Additional paid-in capital 60,000   Retained earnings (deficit) (390,000)   Larisa Company’s assets have a $870,000 reorganization value. As part of the reorganization plan, the company’s owners transferred 80 percent of the outstanding stock to the creditors in exchange for a $500,000 reduction in the liabilities. Required: Prepare the journal entry (or entries) necessary to adjust the company’s records to fresh start accounting. Journal entry worksheet         Note: Enter debits before credits.         Transaction General Journal Debit Credit 1                                                                       these are the differnt lables please choose from these  No journal entry required Additional paid-in capital Buildings Common stock Goodwill Inventory Liabilities Receivables Retained earnings