On April 1, 2017, Mendoza Company borrowed 514.000 euros for one year at an interest rate of 5 percent per annum. Mendoza must make its first interest payment on the loan on October 1, 2017 and will make a second interest payment on March 31, 2018 when the loan is repaid. Mendoza prepares U.S.-dollar financial statements and has a December 31 year-end. Prepare all journal entries related to this foreign currency borrowing assuming the following exchange rates for 1 euro $ April 1, 2017 October 1, 2017 December 31, 2017 March 31, 2018 1.10 1.20 1.24 1.28 Journal entry worksheet 2 3 4 5 6 Record the borrowal of the foreign loan. Note: Enter debits before credits. General Journal Debit Credit Date 04/01/2017 Journal entry worksheet 1 3 4 5 6 Record the first interest payment on the foreign loan. Note: Enter debits before credits. General Journal Debit Credit Date 10/01/2017 Journal entry worksheet