On June 30, 20X7, Alberta Designs Ltd. (AD) entered into a contract to purchase goods from the Export Factory (EF), an overseas entity, for FC 500,000. The contract required EF to deliver the goods on November 30, 20X7. On June 30, 20X7, AD also entered into a forward contract with its bank to purchase FC 500,000. On November 30, EF delivered the goods as promised. AD purchased the FC 500,000 from the bank and paid EF. AD has a September 30 year-end. Date June 30, 20X7 September 30, 20X7 November 30, 20X7 Required: Prepare dated journal entries for AD from June 30, 20X7, through November 30, 20X7, assuming a a) b) cash flow hedge and a fair value hedge SpotRate FC 1 = $1.75 CDN FC 1 = $1.768 CDN FC 1 = $1.783 CDN Forward Rate $1.795 CDN FC 1 FC 1 = $1.786 CDN FC 1= $1.783 CDN