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