Harris Inc. had the following transactions: 1. On May 1, Harris purchased parts from a Japanese company for a U.S. dollar equivalent value of $7,800 to be paid on June 20. The exchange rates were May 1 June 20 1 yen $0.0070 1 yen = 0.0075 2. On July 1, Harris sold products to a Brazilian customer for a U.S. dollar equivalent of $10,600, to be received on August 10. Brazil's local currency unit is the real. The exchange rates were July 1 August 10 1 real = $ 0.20 1 real = 0.22 Required: a. Assume that the two transactions are denominated in U.S. dollars. Prepare the entries required for the dates of the transactions and their settlement in U.S. dollars. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)