During its second and third quarters of fiscal 2014, Raspberry, Inc. wrote down its BB10 smartphone inventory by approximately $1,704,000,000 because its cost exceeded its market value.

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Chart of account possibilities have been attached as images as well.

Ho Journal E ntry Required Accounts Rece Eva hie Accumulated Depreciation Advertising Expe nse B uildings Cash Contributed Capital Cost of Goods Sold Delivery Expe nse Depreciation Ex pense D hide nds (Decla red} D ivide nds Paya ble Eq uipme nt Income Tax Expense Income Tax Payable Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Legal Expe nse Notes Payable {lung-term} Hates Payable {shortterm] utes Receivable Ofce Expenses Operating Expenses Other Current Assets Operating Expenses Other Current Assets Other Current Liabilities Other Expenses Other Honcurre nt Assets Other Honcurrent Liabilities Other Revenue Prepaid Insurance Prepaid Rent Purchases Rent Expense Rent Payable Rent Revenue Repairs and Maintenance Expense Retained Earnings Salaries Pavable Sales Discounts Sales Retums and Allowances Sales Revenue Selling, General and Administrative Ex Service Revenue Supplies Supplies Expense Travel Expense Uneanled Revenue Utilities Expense Wages Pava ble [The foiiowing information appiies to the questions displayed beiom] Dunng rte second end mlrd quarters of scal 2014, Raspberry, Inc. wrote down lts ElBlCl smartphone Inventory by approximately $1.?04DDDDDD because rts cost exceeded Its market value. 2. Prepare the journal entry that the company would have made to record the above adjustment. {If no entry is required for a transactionievent. select "Ho Journal Entry Required" in the rst account eld.) 1lrierlrr transaction list View general journal Journal Entry Worksheet II a Record the inventory write down of $1,?D4,DDD,DDD to LCM. Enter debits before credits