On July 2017, Alpha company purchased inventory from its Japanese supply source. Terms of sale were 100,000yen, due 30 days from the purchase date. On July 30 2017 Alpha paid for the supplies purchased on 1 July. The exchange rate for the year was $0.01 on the date of purchase, and $0.0097 on the date of payment. Use this information to prepare Alpha Company's general journal entries to record the purchase and payment for inventory purchased from its Japanese vendor.