On December 1, 20x1, Rone Imports, a US company purchased clocks from Switzerland for 15.000 francs (SF to be paid on January 15 20x2. Rone's fiscal year ends on December 31, and its reporting currency is the US dollar. The exchange rates are December 1, 20x1 December 31, 201 January 15, 20X2 1 Str $0.70 0.66 1 SFP 0.64 Required: a In which currency is the transaction denominated? Donated b Prepare journal entries for Rone to record the purchase, the adjustment on December 31, and the settlement of no entry is required for a transaction/event, select "No journal entry required in the first account field.) Yttransactions