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On October 1st 2020, American Company purchased a 1,000,000 Yen CD when the Yen was worth 2 cents The 3 year 12% CD pays interest

On October 1st 2020, American Company purchased a 1,000,000 Yen CD when the Yen was worth 2 cents
The 3 year 12% CD pays interest on April 1st and October 1st each year.

Other information:
December 31, 2020 Yen is worth 3 cents
April 1st 2021 Yen is worth 2.5 cents
October 1st 2021 Yen is worth 2 cents
December 31, 2021 Yen is worth 3.5 cents
April 1st 2022 Yen is worth 4 cents
October 1st 2022 Yen is worth 3.5 cents
December 31st Yen is worth 3 cents
April 1st 2023 Yen is worth 2 cents

October 1st 2023 Yen is worth 1.5 cents.

REQUIRED: Make all the journal entries American Company makes with respect to its CD including the purchase and redemption of the CD.
Hint; don't forget adjusting entries needed on December 31st.

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