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E G 4 5 6 1 On March 1st 2017 American Company purchased a one-million Euro CD when one Euro - one dollar. 2 This

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E G 4 5 6 1 On March 1st 2017 American Company purchased a one-million Euro CD when one Euro - one dollar. 2 This 3 year 12% CD pays interest semi-annually to American Company on March 1st and September 1st. 3 Additional information is as follows: 01/03/17 1 Euro worth $1.00 01/09/17 1 Euro worth $1.01 31/12/17 1 Euro worth $1.04 01/03/18 1 Euro worth $1.02 01/09/18 1 Euro worth $0.99 31/12/18 1 Euro worth $0.95 10 01/03/19 1 Euro worth $0.90 11 01/09/19/1 Euro worth $0.96 12 31/12/19 1 Euro worth $0.98 01/03/20 1 Euro worth $1.03 7 8 9 12 14 15 Required: make all the necessary journal entries for American Company connected with purchase of the CD for 2017 through 2020 16 hint: don't forget adjusting entries at the end of each year. 17

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