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a) A Kenyan company purchases goods from a UK company in July 2010 for Kshs. 550 . The company paid off Kshs.200 in August 2010

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a) A Kenyan company purchases goods from a UK company in July 2010 for Kshs. 550 . The company paid off Kshs.200 in August 2010 and the batance was outstanding at the end of the year: t.e. 30 Sept. 2011. Exchange rates were: July2010August201030Sept.2011Kshs.1=Kshs.1=Kshs.1=KSh110.5KSh116.1KSh109.7 Pass journal entries and to record the transactions in kshs (8mks)

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