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Assume that Tech Know Stores completed the following foreign-currency transactions: (Click the icon to view the transactions.) Requirements 1. Journalize these transactions for Tech Know.
Assume that Tech Know Stores completed the following foreign-currency transactions: (Click the icon to view the transactions.) Requirements 1. Journalize these transactions for Tech Know. Focus on the gains and losses caused by changes in foreign-currency rates. Round your answers to the nearest whole dollar. 2. On March 10, immediately after the purchase, and on April 23, immediately after the sale, which currencies did Tech Know want to strengthen? Which currencies did in fact strengthen? Explain your reasoning Requirement 1. Journalize these transactions for Tech Know. Focus on the gains and losses caused by changes in foreign-currency rates. Round your answers to the nearest whole dollar. (Record debits first, then credits. Excludes explanations from any journal entries.) Mar 9: Purchased DVD players as inventory on account from Moshu, a Japanese company. The price was 400,000 yen, and the exchange rate of the yen was s0.0090 Journal Entry Date Debit Credit Mar Apr 8: Paid Moshu when the exchange rate was S0.0079. Journal Entry Date Accounts Debit Credit 18 Choose from any list or enter any number in the input fields and then continue to the next
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