Phoebe, Inc., a domestic retailer, bought merchandise for resale from a French supplier on August 20th with the purchase being denominated in Euros (E). Phoebe, Inc. prepares monthly financial statements in US dollars ($). The sales price of the merchandise to Phoebe, Inc. was 200,000. and the payment was due and made on November 20th. Spot rates covering the period in question are as follows: August 1st August 20th August 31st 1 = 16= 1 = Date $0.98 $0.97 $0.95 September 20th September 30th October 20th 1 = 1 = 1 = Account $0.96 $0.98 $0.95 October 31st November 20th November 30th Prepare the journal entries required on the books of Phoebe, Inc. to account for this transaction by a) selecting the proper date using the drop down menu, b) selecting the proper account for each debit/credit using the drop down menu, and c) entering the proper debit/credit amounts - all in the gray-shaded cells. When correct, the cells will change to a light green color. 1 = 1 = 1 = Debit $0.94 $0.92 $0.90 Credit