Maple Company had the following export and import transactions during 20X5:

Part I Maple Company had the following export and import transactions during 20x5: 1. On March 1, Maple sold goods to e Canadian company for C$44,000, receivable on May 30. The spot rates for Canadian dollars were C$1 $0.65 on March 1 and C$1 $0.68 on May 30. 2. On July 1, Maple signed a contract to purchase equipment from a Japanese company for 440,000. The equipment was on August 30 with payment due in 60 days on October 29. The manufactured in Japan during August and was delivered to Maple spot rates for yen were VI-$0.102 on July 1, VI-$0.104 on August 30, and 1 . $0.106 on October 29, The 60-day forward exchange rate on August 30, 20X5, was 1- $0.1055. 3. On November 16, Maple purchased inventory from a London 16, e1-$1.63 on December 31, and C1 . $1.64 on January 15, 20X6. The forward rate on 31, 20X5, for a January 15, 20X6, exchange was S1-$1.645 Prepare journal entries to record Maple's import and export transactions during 20X5 and 20x6. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) Debit No Date Accounts payable (CS) K Prey2 of 5Next >