22 ) The Fisher Corporation engaged in the following transactions during 2014. Fisher uses a perpetual inventory system : Apr.1 Purchased merchandise from a Mexican supplier at a cost of 100,000 pesos . The exchange rate on this date was $ 0.15 per peso . May 5 Paid for the merchandise . The exchange rate on this date was $ 0.16 per peso . Jun 10 Sold goods to a buyer at a selling price of $ 80,000 U.S. dollars . The exchange rate on this date was $ 1.05 Canadian dollars for each dollar Ignore the journal entry to record cost of goods sold . Jul 30 Received payment from the buyer for the goods sold on June 10. The exchange rate on this date was $ 1.02 Canadian dollars for each U.S. dollar , a ) Prepare the journal entries necessary to record each of the above transactions b ) During the periods of time covered by the transactions , was the Canadian dollar getting stronger or weaker relative the Mexican peso and the US dollar ?