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Required information [ The following information applies to the questions displayed below. ] During fiscal 2 0 1 4 , Respberry, Incorporation wrote down its
Required information
The following information applies to the questions displayed below.
During fiscal Respberry, Incorporation wrote down its RB smartphone inventory by approximately $ 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 transactionevent select No Journal Entry Required" in the first account field.
Journal entry worksheet
A
Record the inventory write down of $ to LCM.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,Credit
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