On 5 June 2014 Perth Ltd purchased goods on credit from a supplier in UK. The goods are shipped FOB UK on that date. The cost of the goods is UK250 000. The debt remains unpaid at 30 June 2014, which is also Perth Ltds reporting date.

The exchange rates at the relevant dates are:

5 June 2014	A$1.00 = UK0.46
30 June 2014	A$1.00 = UK0.44

Required: [use the space provided below] Provide the required journal entries of Perth Ltd to account for the above purchase transaction for the

year ended 30 June 2014. Show your calculations/workings.