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On June 1 Jenny Company bought goods from a foreign supplier at a price of 9 , 0 0 0 FCU ( FCU is foreign

On June 1 Jenny Company bought goods from a foreign
supplier at a price of
9,000 FCU (FCU is "foreign currency units")
Jenny will make full payment in three months on September 1
Jenny closes its books and prepares interim financial
statements on June 30
Prepare all journal entries, including adjusting entries, to record
this purchase by Jenny Company.
Date
Spot rate
June 1
June 30
Sept. 1
$0.30
$0.28
$0.33
Prepare all the journal entries needed by Jenny on
June 1. June 30 and September

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