Dec. Journalize the following foreign-currency transactions for Select Import Inc.: 2020 Nov. 17 Purchased goods on account from a Japanese company. The price was 535,000 yen, and the exchange rate of the yen was $0.0121. Assume Queensway uses the perpetual method of inventory so purchases are reported directly in the Inventory account 16 Paid the Japanese supplier when the exchange rate was $0.0125. 19 Sold merchandise on account to a French company at a price of 87.000 euros. The exchange rate for euros was $1.63 (ignore the inventory and cost of goods sold here). 31 Adjusted for the decrease in the value of the euro, which had an exchange rate of $1.60. Select Import Inc.'s year end is December 31. 2021 Jan. 14 Collected from the French company. The exchange rate was $1.64. Journalize the foreign-currency transactions for Select Import Inc. Nov. 17, 2020. Purchased goods on account from a Japanese company. The price was 535,000 yen, and the exchange rate of the yen was $0.0121. (Record debits first, then credits. Exclude explanations from journal entries. Round your answer to the nearest dollar.) Journal Entry Date Accounts Debit Credit 2020 Choose from any list or enter any number in the input fields and then click Check Answer. Ativar o Windows