On October 1, 2019, Vin Company (Vietnam) purchases inventory from a foreign supplier (Japan) for 40,000 JPY. Payment will be made in 30 days.                                                                 

Required: 

Prepare all journal entries for Vin Company in connection with the purchase and payment. The following exchange rates for 1 JPY apply:

Exchange rate:

Date	VND
October 1,2019	210.54
October 30,2019