on a excel sheet. A U$.$S$.$ company executed a series of transactions in a foreign country during $2022.$ The appropriate exchange rates during $2022$ were as follows:

Exchange

Date Rate

June $1,2022$ $$\mathrm{.}80=1$

August $1,2022$ $$\mathrm{.}83=1$

December $31,2022$ $$\mathrm{.}86=1$

The following transactions occurred during $2022$:

June $1$ Bought inventory of $60,000$ on credit.

Aug. $1$ Sold all inventory for $78,000$ on credit.

Required:

Prepare all journal entries in U$.$S$.$ dollars along with any December $31,2022$ adjusting entries.