Charles & Sons, a U.S. computer supplies firm, had the following transactions with foreign companies during December 2012:
(a) Goldstar Co., Ltd., a South Korea-based firm, sold 5,000 computer hard drives to Charles & Sons for 100,000 won per drive on December 12, 2012. Charles & Sons paid the bill on January 13, 2013.
(b) Charles & Sons sold 2,000 computer hard drives to a Swiss firm, Lockner Inc., on December 21, 2012. Lockner Inc. agreed to pay $135 per hard drive. Payment was received by Charles & Sons on February 4, 2013.
(c) Charles & Sons sold 2,400 computer hard drives to Geopacific, Inc., a company with headquarters in Canada, on December 28, 2012. Geopacific was billed 148 Canadian dollars per drive. Payment was received on January 10, 2013.
(d) Charles & Sons received 1,000 printers from Printco, a Japanese company, on December 28, 2012. Printco billed Charles & Sons 45,000 yen per printer. Charles & Sons paid the liability on January 14, 2013. Exchange rates for the above transactions are as follows:

Instructions: Prepare the journal entries necessary for Charles & Sons to record each of the above transactions for the following:
(1) Date of the original transaction,
(2) Balance sheet date, and
(3) Date of payment or receipt of cash.

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U.S. Dollar Value of 1 Unit of Foreign Currency As of Date of Sale or Purchase As of Balance Sheet Date As of Date of Payment or Receipt $0.00103 0.670 0.910 $0.00112 0.632 0.935 0.655 0.905 0.0073 Canadian dollar.