Kangaroo Limited, an Australian company, purchased machinery from Buffalo Limited, a US company, on credit terms for US$300 000. At the transaction date, the exchange rate was US$1 = A$1.50. The journal entry recorded by Kangaroo Limited for this purchase would be: Question 17 Select one: DR Machinery $300 000; CR Payable to Buffalo Limited $300 000 DR Machinery $450 000; CR Payable to Buffalo Limited $450 000 DR Receivable from Buffalo Limited $300 000; CR Cash $300 000 DR Machinery $450 000; CR Cash $450 000