During fiscal 2014, Respberry, Incorporation wrote down its RB10 smartphone inventory by approximately $1,703,000,000 because its cost exceeded its net realizable value. M7-15 (Algo) Part 2 2. 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.) View transaction list Journal entry worksheet < A Record the inventory write down of $1,703,000,000 to LCM. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal > M7-18 (Algo) Calculating the Inventory Turnover Ratio and Days to Sell [LO 7-5] Solve for the missing information designated by "?" in the following table. (Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sell to one decimal place.) a. b. C. Case Beginning Inventory Purchases Cost of Goods Sold Ending Inventory Inventory Turnover Ratio Days to Sell $ 200 $ 900 $ 900 $ 300 $ 1,600 $ 1,400 $ 100 8.0 26.1