(b) The following relates to foreign currency transactions of RT Limited: . RT buys and sells goods in Euros () but has a functional currency of dollars ($). . The company purchased goods for 10,000 on 1 August 2019. At RT's year end of 31 December, 2019, this amount remains unpaid RT sold goods on 1 September 2019 for 25,000. On 1 December 2019 it received 15,000. The remaining 10,000 is unpaid at 31 December 2019. Relevant exchange rates are: 1 August : 0.95=$1 1 September: 0.90=$ 1 1 December: 0.92= $1 31 December: 0.89=$1 Average rate: 0.91=$1 Prepare journal entries to show the above transactions. (7 marks)