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9. On June 1, a calendar year U.S. manufacturer buys, on 60- day credit, goods from Oman exporter for US$ 1,000,000. The Dollar/Rial exchange rate

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9. On June 1, a calendar year U.S. manufacturer buys, on 60- day credit, goods from Oman exporter for US$ 1,000,000. The Dollar/Rial exchange rate is $ 1 = OMR 0.40 on June 1, and $ 1 = OMR 0.39 on August 1. Required: Prepare dated journal entries in Oman Rials to record the incurrence and settlement of this foreign currency transaction assuming It employs a two-transaction perspective

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