Bristols Furs imports furs from Canada. In the space provided below, prepare Journal Entries to record the following events..

Dec. 11^th : Bristols Furs purchased furs from Trappers, Ltd., a Canadian corporation, at a price of 55,000 Canadian dollars, due in 60 days. The current exchange rate is

$0.80 USD per Canadian dollar.

Dec. 31^st : Bristols Furs made a year-end adjusting entry relating to the account payable to Trappers. The exchange rate at year-end is $0.90 USD per Canadian dollar.

Feb. 09^th : Bristols Furs issued a check for $46,750 (USD) to National Bank in full settlement of the liability to Trappers, Ltd. The exchange rate at this date is $0.85 USD per Canadian dollar.

Journal
Date		Account Titles	Debit	Credit