During its second and third quarters of fiscal 2014, Raspberry, Inc. wrote down its BB10 smartphone inventory by approximately $1,695,000,000 because its cost exceeded its market value.

A) Complete the table below, indicating the account, amount, and direction and show the effects for the above adjustment. (Enter any decreases to account balances with a minus sign.)

Assets =		liabilities +		Stockholder's Equity

B)

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.) Record the inventory write down of $1,695,000,000 to LCM. Transaction General Journal Debit Credit