During 2015, ABC Company, headquartered in Washington D.C., enters into transactions with companies in a foreign country, where the currency used to settle the transactionis is a foreign currency unit (FCU). Prepare journal entries to record the following transactions in USD, including any necessary adjusting entries at December 31 caused by the fluctuation in the value of the FCU. Assume the company uses a ystem. Exchange rates are listed belovw etual invent Jan. 31, 2015 Mar. 31 Mar. 31 Mav. 31 Aug. 31 Sep. 30 Nov. 30 Jan. 31, 2016 Purchased equipment for 100,000 FCU on credit Paid for the equipment purchased on Jan. 3 Purchased inventory for 50,000 FCU on credit Sold all of the inventory purchased on Mar. 31 for 80,000 FCU on account. Collected all 80,000 FCU from the sale on May 31 Made a Sold services to a customer for 25,000 FCU on account. Paid the remaining balance for the inventory purchased on Mar. 31 l payment on the inventory purchased on Mar. 31 of 40,000 FCU Account DR CR an. 31, 2015 March 31 May 31 August 31 September 30 November 30 December 31 an. 31,2016 0.60 0.58 0.57 0.55 0.55 0.55 0.52 0.51