Guenther's. a German company that supplies your firm with a necessan- raw material, recently shipped 10,000 units of the material to your production facilit)-.

1. Prepare the necessary journal entries to record the purchase of the goods and the subsequent payment 30 days later if the selling price on the invoice is \($2\) per unit.

2. Prepare the necessary journal entries to record the purchase of the goods and the subsequent payment 30 days later if the selling price on the invoice is 4 German deutsche marks per unit. On the date of purchase. 1 German deutsche mark is worth \($0.50.\) and the rate on the date of payment is \($0.60\).