Journal entries for an accounts payable denominated in Canadian Dollars (SUS strengthens and weakens) Assume that your company purchases inventories from a Canadian supplier on November 3. The invoice specifies that payment is to be made on February 1 in Canadian dollars ($CAD) in the amount of 100,000 (CAD). Your company operates on a calendar year basis. Assume the following exchange rates Never $0.75 CAD Dec 1070 CAD try3672 Prepare the journal entries to record the purchase assume perpetual inwentary accounting the required dusting entry of December 31, and the payment on February 1 Description Date Det Credit 12 . + . 0 0 0 0 0 0 0 o 0 21 Acte 3 3 O Journal entries for an accounts payable denominated in Canadian Dollars ($US strengthens and weakens) Assume that your company purchases inventories from a Canadian supplier on November 3. The invoice specifies that payment is to be made on February 1 in Canadian dollars (SCAD) in the amount of 100,000 CAD) Your company operates on a calendar year basis Assume the following exchange rates November 30.CDS December 31 50.70.051 February Prepare the journal entries to record the purchase assume perpetua inventory accounting the required adjusting entry of December 31, and the payment on February 1 Description 10.7200 Date Debit Credit 1/3 . 13 = 2 ACES DOOOOO OOOO 0