On April 1, 2020, Mendoza Company (a U.S.-based company) borrowed 650,000 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, 2020, and will make a second Interest payment on March 31, 2021, 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: U.S. Dollar per Euro Date April 1. 2020 October 1, 2020 December 31, 2020 March 31, 2021 1.24 1.28 1.82 View transaction list Journal entry worksheet 1 2 3 4 5 6 > Record the borrowal of the foreign loan. Journal entry worksheet Record the year-end interest accrual on the foreign loan. Journal entry worksheet