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Hayden, Inc. purchased knobs from a Greek company for 185,000 Euros. On the purchase date the exchange rate was $.80 per Euro, but when Hayden
Hayden, Inc. purchased knobs from a Greek company for 185,000 Euros. On the purchase date the exchange rate was $.80 per Euro, but when Hayden paid the liability, the exchange rate was $.70 per Euro. Record the entries at the date of purchase and also at the date of payment
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