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on june kerry gold an irish company purchased 18,000 of inventory on account from an american supplier and the euro eas quoted at 1.17 (1c=$1.12)

on june kerry gold an irish company purchased 18,000 of inventory on account from an american supplier and the euro eas quoted at 1.17 (1c=$1.12) on this date. on june 17th kerry gold paid their account payabke and the euro was quoted at 1.117. complete journal entries

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