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On June 1, Alpine Company bought goods from a foreign supplier at a price of 9,000 FCU (FCU is foreign dummy units). Alpine will make
On June 1, Alpine Company bought goods from a foreign supplier at a price of 9,000 FCU (FCU is "foreign dummy units"). Alpine will make full payment in the months on September 1. Alpine closes its books and prepares interim financial statements on June 30. Prepare all journal entries, including adjusting entries, needed for this purchase by Alpine Company_ Date Spot rate June 1 $0.30 June 30 $0.32 Sept. 1 $0.27 Prepare aII the journal, entries needed by Alpine on June 1, June 30, and September 1
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