Required information [The following information applies to the questions displayed below.] During fiscal 2014, Respberry, Incorporation wrote down its RB10 smartphone inventory by approximately $1,699,000,000 because its cost exceeded its net realizable value. 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 $1,699,000,000 to LCM. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal