On December 1, 20X1, Rone Imports, a U.S. company, purchased clocks from Switzerland for 15,000 francs (SFr) to be paid on January 5, 20X2. Rone's fiscal year ends on December 31, and its reporting currency is the U.S. dollar. The exchange rates are Required: In which currency is the transaction denominated? 1. Prepare journal entries for Rone to record the purchase, the adjustment on December 31 , and the settlement. Complete this question by entering your answers in the tabs below. Prepare journal entries for Rone to record the purchase, the adjustment on December 31, and the settlement. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld