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Microsoft Teams x + X/FMfcgxwHMsPSnmMMJQFqf|HTGCjBQbKp?projector=1&messagePartid=0.1 Open with Google Docs 22) 22) The Fisher Corporation engaged in the following transactions during 2014. Fisher uses a perpetual

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Microsoft Teams x + X/FMfcgxwHMsPSnmMMJQFqf|HTGCjBQbKp?projector=1&messagePartid=0.1 Open with Google Docs 22) 22) The Fisher Corporation engaged in the following transactions during 2014. Fisher uses a perpetual inventory system: Apr.1 Purchased merchandise from a Mexican supplier at a cost of 100,000 pesos The exchange rate on this date was $0.15 per peso. May 5 Paid for the merchandise. The exchange rate on this date was $0.16 per peso. Jun. 10 Sold goods to a US buver at a selling price of $80,000 US dollars. The exchange rate on this date was $1.05 Canadian dollars for each US dollar. Ignore the journal entry to record cost of goods sold. Jul 30 Received payment from the U.S. buyer for the goods sold on June 10. The exchange rate on this date was 5102 Canadian dollars for each US dollar. a) Prepare the journal entries necessary to record each of the above transactions. b) During the periods of time covered by the transactions was the Canadian dollar getting stronger or weaker relative to the Mexican peso and the US dollar? 23) t y, investing nos investing and 23) State whether each event heleheilbadiscedamenti activity, financing activity, hown in a separate schedule or no financing activities, or not deed the cash flow statement DELL Microsoft Teams x + X/FMfcgxwHMsPSnmMMJQFqf|HTGCjBQbKp?projector=1&messagePartid=0.1 Open with Google Docs 22) 22) The Fisher Corporation engaged in the following transactions during 2014. Fisher uses a perpetual inventory system: Apr.1 Purchased merchandise from a Mexican supplier at a cost of 100,000 pesos The exchange rate on this date was $0.15 per peso. May 5 Paid for the merchandise. The exchange rate on this date was $0.16 per peso. Jun. 10 Sold goods to a US buver at a selling price of $80,000 US dollars. The exchange rate on this date was $1.05 Canadian dollars for each US dollar. Ignore the journal entry to record cost of goods sold. Jul 30 Received payment from the U.S. buyer for the goods sold on June 10. The exchange rate on this date was 5102 Canadian dollars for each US dollar. a) Prepare the journal entries necessary to record each of the above transactions. b) During the periods of time covered by the transactions was the Canadian dollar getting stronger or weaker relative to the Mexican peso and the US dollar? 23) t y, investing nos investing and 23) State whether each event heleheilbadiscedamenti activity, financing activity, hown in a separate schedule or no financing activities, or not deed the cash flow statement DELL

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