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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
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
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