estion 14 On April 1, GM Corporation, a calendar-year U.S. electronics manufacturer, invests 30 million yeste against the depreciation of the yen prior to maturity, GM designates its accounts payable due to the computer chips on account paying 10 percent down the balance to be paid in three months. Interest The U.S. dollar/Japanese yen exchange rate on: April 1 was $1.00 = 100; on July 1 it was $ 1.00 = 90. Required: Prepare dated joumal entries in U.S. dollars to record the incurrence and settlement of this for reducing GM's FX risk. (6 Marks) estion 14 On April 1, GM Corporation, a calendar-year U.S. electronics manufactus, mesin against the depreciation of the yen prior to maturity, GM designates its accounts payable to computer chips on account paying 10 percent down the balance to be pand in the The U.S. dollar/Japanese yen exchange rate on: April 1 was $1.00 =100; on July 1 it was $ 1.00 =90. Required: Prepare dated journal entries in U.S. dollars to record the incurrence and sentement this mes reducing GM's FX risk. (6 Marks) acer O