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Required information [The following information applies to the questions displayed below.] During fiscal 2014, Respberry,...

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Accounting

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Required information [The following information applies to the questions displayed below.] During fiscal 2014, Respberry, Incorporation wrote down its R810 smartphone inventory by approximately $1,696,000,000 because its cost exceeded its net realizable value. Prepare the journal entry that the company would have made to record the above adjustment. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the inventory write down of $1,696,000,000 to LCM. Nete: Enter debits before credits

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