Journalize the following foreign-currency transactions for Superior Import Inc.:

2020 Nov. 17 Purchased goods on account from a Japanese company. The price was 525,000 yen, and the exchange rate of the yen was $0.0119. Assume Queensway uses the perpetual method of inventory so purchases are reported directly in the Inventory account.

Dec. 16 Paid the Japanese supplier when the exchange rate was $0.0122.

Dec19 Sold merchandise on account to a French company at a price of 80,000 euros. The exchange rate for euros was $1.59 (ignore the inventory and cost of goods sold here).

Dec 31 Adjusted for the decrease in the value of the euro, which had an exchange rate of $1.56. Superior Import Inc.'s year-end is December 31. 2021

Jan. 14 Collected from the French company. The exchange rate was $1.60.

Round answers to the nearest dollar, please.