A12-4 Foreign Currency Payables: Golden Ltd. had the following transactions in 20X5: a. Bought goods on 1 June from Brit Ltd. for 70,000 euros, with payment due in four months' time. b. Bought goods from New York Sales Corp. on 15 June for US$150,000: payment was due in one month. c. Bought goods from London Ltd. on 15 July for 20,000 euros: settlement was to be in two months. d. Paid New York Sales Corp. on 15 July. e. Paid London Ltd. on 15 September. f. Paid Brit Ltd. on 1 October. EXCHANGE RATES: Canadian Equivalencies 1 June 15 June 15 July 15 September 1 October Required: Prepare journal entries for the above transactions. Euros US$ 2.11 1.07 2.19 1.11 2.13 1.17 2.20 1.03 2.17 1.06 Page 880