Inter-Global Company entered into the following transactions during the current year: Prepare journal entries for the...

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Inter-Global Company entered into the following transactions during the current year: Prepare journal entries for the following transactions for Inter-Global Co. October 10 November 2 Purchased merchandise on account from Le Monde, a French company, for 80,000 euros. The exchange rate was $0.82. Paid Le Monde for the merchandise purchased on October 1. The exchange rate at this date was $0.83. November Sold merchandise to Nippon, a Japanese company for 300,000 yen on account. The rate of exchange was $0.0091. 15 November 20 The Japanese company paid the full amount. The exchange rate was $0.0090. December Sold merchandise to Ponti, an Italian company for $24,000. The exchange rate is $0.81. The Italian company agrees to pay in U.S. dollars. 5 December 15 Required: Collected the full amount from the Italian company when the exchange rate is $0.82. In the space provided below, prepare journal entries to record the following events. (Explanations are not required.) Date General Journal Debit Credit 10/10 11/2 11/15 11/20 12/5 12/18 Inter-Global Company entered into the following transactions during the current year: Prepare journal entries for the following transactions for Inter-Global Co. October 10 November 2 Purchased merchandise on account from Le Monde, a French company, for 80,000 euros. The exchange rate was $0.82. Paid Le Monde for the merchandise purchased on October 1. The exchange rate at this date was $0.83. November Sold merchandise to Nippon, a Japanese company for 300,000 yen on account. The rate of exchange was $0.0091. 15 November 20 The Japanese company paid the full amount. The exchange rate was $0.0090. December Sold merchandise to Ponti, an Italian company for $24,000. The exchange rate is $0.81. The Italian company agrees to pay in U.S. dollars. 5 December 15 Required: Collected the full amount from the Italian company when the exchange rate is $0.82. In the space provided below, prepare journal entries to record the following events. (Explanations are not required.) Date General Journal Debit Credit 10/10 11/2 11/15 11/20 12/5 12/18