In February 20X3, La Fondue Ltd. signed a two-year contract with a Quebec cheese supplier to provide a minimum of 1.300 kilograms of fine cheese for fondue at a fixed price of $21 per kilogram. By the end of September, La Fondue had purchased 650 kg at the agreed-upon price. By the end of October, the end of the fiscal year, the open market price of the cheese dropped to $19 per kg due to excess capacity in the dairy industry. On 27 November, La Fondue purchased 115 kg at the contract price of $21. The open market price was $20 at that time. Required: Prepare any journal entries that are necessary on La Fondue's books to record the events in October and November (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the loss on onerous purchase commitment. Note: Enter debits before credits Date General Journal Debit Credit 31 October View transaction list Journal entry worksheet