A company using the periodic inventory system to record the reduction of inventory to market would record the following journal entry to record inventory at market using the allowance method: 
Definitions:
External Benefits
Positive effects experienced by third parties or the broader society as a result of an economic transaction or activity that are not reflected in market prices.
Market Demand Curve
A graphical representation showing the relationship between the price of a good and the total quantity demanded by all consumers in the market.
Positive Externality
A benefit that affects a party who did not choose to incur that benefit, often associated with public goods and services.
Free-Market Economy
An economic system where prices are determined by unrestricted competition between privately owned businesses without government intervention.
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