On November 15, 20Y4, Butler Wholesale, a U.S. company, purchased merchandise from Shetland Wool, located in Wellington,
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On November 15, 20Y4, Butler Wholesale, a U.S. company, purchased merchandise from Shetland Wool, located in Wellington, New Zealand, for $331,100 New Zealand dollars (NZD). Shetland Wool requires payment in NZD at the time of purchase. On November 15, 20Y4, the exchange rate was $0.65 USD per NZD. Journalize the entry by Butler Wholesale to record the purchase.
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