E16-9 Journalize the following foreign-currency transactions. Explanations are not required. Nov. 17 Purchased inventory on account from a Japanese company. The price was 200,000 yen, and the exchange rate of the yen was $0.0088. Dec. 16 Paid the Japanese supplier when the exchange rate was $0.0091. 19 Sold merchandise on account to a French company at a price of 60,000 French francs. The exchange rate of the franc was $0.15. 30 Collected from the French company when the exchange rate was $0.17. On November 18. immediately after your purchase, and on December 20, immediately after your sale, which currencies did you want to strengthen? Which currencies did in fact strengthen? Explain your reasoning in detail.