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6. A U.S. company executed a series of transactions in a foreign country during 2019. The appropriate exchange rates during 2019 were as follows: Exchange
6. A U.S. company executed a series of transactions in a foreign country during 2019. The appropriate exchange rates during 2019 were as follows: Exchange Date Rate June 1, 2019 $.64 =$1 August 1, 2019 $.68 = $1 December 31, 2019 $.80 = $1 The following transactions occurred during 2019: June 1 Aug. 1 Bought inventory of $20,000 on credit. Sold all inventory for $30,000 on credit. Required: Prepare all journal entries in U.S. dollars along with any December 31, 2019 adjusting entries
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