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Journalize the following foreign-currency transactions Nov.17 Purchased inventory on account from a Japanes company. The price was 200,000 yen, and the exchange rate of the
Journalize the following foreign-currency transactions Nov.17 Purchased inventory on account from a Japanes company. The price was 200,000 yen, and the exchange rate of the yen was $0.0083. Dec.16 Paid the Japanies supplier when the exchage rate was $0.0091. 19 Sold merchandise on account to a French company at a price of 60,000 euros. The exchange rate of the euro was $1.10. 30 Collected from the French company when the exchange rate was $1.14
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