Course Name: Advanced Financial Accounting , no pictures or handwriting, this needs an expert, please

Q2. On Jan. 1, 2020, a US manufacturing company purchased inventory from a German company for 1000, 000 on credit and the payment for inventory will be on March. 31, 2021. 2.5 marks))

Direct Exchange rates as follow:

Jan.1 $1.30 vs 1

Dec.31 $1.25 vs 1

March.31 $1.32 vs 1

Required: pass journal entries on the three dates on the US manufacturing company records.

Answer: