Assume that Harvey Stores completed the following foreign-currency transactions: (first photo)

Requirement 1. Journalize these transactions for Harvey. Focus on the gains and losses caused by changes in foreign-currency rates. Round your answers to the nearest whole dollar.

Requirement 2. On October 10, immediately after the purchase, and on November 23, immediately after the sal, which currencies did Harvey want to strengthen? Which currencies did in fact strengthen? Explain your reasoning.

Purchased various inventory items on account from Sona, a Japanese company. The price was 200,000 yen, and the exchange rate of the yen was $0.0083 Paid Sona when the exchange rate was $0.0076 Sold merchandise on account to Velleah, a French company, at a price of 20,000 euros. The exchange rate was $1.15. Ignore cost of goods sold. Collected from Velleah when the exchange rate was $1.13 Oct 9 Nov 18 22 28 Print Done