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Jestion 6 6.5 points On November 30, 2021, Tarling Company negotiated a one-year 280,000-franc loan from a foreign bank at an interest rate of

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Jestion 6 6.5 points On November 30, 2021, Tarling Company negotiated a one-year 280,000-franc loan from a foreign bank at an interest rate of 3% per year Interest payment is made at maturity date on November 30, 2022, and the principal will be repaid on November 30, 2022. Tarling prepares U.S.-dollar financial statements and has a December 31 year-end Relevant exchange rates are allows Date U.S. Dollar per Franc November 30, 2021 $0.46 December 31, 2021 $0.48 November 30, 2022 $0.44 Required: Prepare all journal entries related to this foreign currency borrowing. For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Mac B IV S Paragraph Arial 10pt A 2 I X 62F "T

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