Blue Ltd$.$ engages in transactions involving foreign currencies, namely the Australian dollar and U$.$S$.$ dollar. Blue Ltd$.$ engaged in the following transactions during $20$X$9$:

Purchased inventory on $1$ July for $53,000$ US$ on account, with payment due in $30$ days.

Purchased inventory on $17$ July for $206,000$ AUD$ on account, with payment due in $90$ days.

Purchased inventory on $15$ August for $78,000$ US$ on account, payment due in $90$ days.

Paid for the entire purchase in transaction $1$ on $17$ July.

Paid for the entire purchase in transaction $2$ on $15$ October.

Paid for the entire purchase in transaction $3$ on $3$ November.

EXCHANGE RATES

Canadian Equivalencies US$ AUD$

$1$ July $1\mathrm{.}151\mathrm{.}27$

$17$ July $1\mathrm{.}191\mathrm{.}35$

$15$ August $1\mathrm{.}241\mathrm{.}24$

$15$ October $1\mathrm{.}121\mathrm{.}15$

$3$ November $1\mathrm{.}151\mathrm{.}24$

Required:

$1.$ Prepare journal entries for the above transactions. Blue Ltd$.$ maintains a perpetual inventory system. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$