Pinnacle Foods imports a variety of items for resale to U.S. retailers. Following is a description of purchases and foreign-currency-denominated payments made in the last accounting period, plus the direct exchange rates for each date:
Country	Amount	Currency	Spot rate at purchase	Spot rate at payment
Argentina	250,000	Peso	$0.06	$0.05
Canada	400,000	Dollar	0.732	0.713
India	300,000	Rupee	0.016	0.018
South Africa	100,000	Rand	0.074	0.077
Required
Prepare the journal entries made by Pinnacle, a U.S. company, to record the above purchase and payment transactions.
Canada
Description		Debit	Credit
A/p OR Cash OR Gain OR Loss Or Forgein Currency or Inventory		?	?
A/p OR Cash OR Gain OR Loss Or Forgein Currency or Inventory		?	?
To record purchase of inventory
A/p OR Cash OR Gain OR Loss Or Forgein Currency or Inventory		?	?
A/p OR Cash OR Gain OR Loss Or Forgein Currency or Inventory		?	?
To record purchase sufficient foreign currency to pay supplier.
A/p OR Cash OR Gain OR Loss Or Forgein Currency or Inventory		?	?
A/p OR Cash OR Gain OR Loss Or Forgein Currency or Inventory		?	?
	Foreign Currency	?	?
To record payment of liability to supplier.
India
Description		Debit	Credit
A/p OR Cash OR Gain OR Loss Or Forgein Currency or Inventory		?	?
A/p OR Cash OR Gain OR Loss Or Forgein Currency or Inventory		?	?
To record purchase of inventory
A/p OR Cash OR Gain OR Loss Or Forgein Currency or Inventory		?	?
A/p OR Cash OR Gain OR Loss Or Forgein Currency or Inventory		?	?
To record purchase sufficient foreign currency to pay supplier.
A/p OR Cash OR Gain OR Loss Or Forgein Currency or Inventory		?	?
A/p OR Cash OR Gain OR Loss Or Forgein Currency or Inventory		?	?
	Foreign Currency	?	?
To record payment of liability to supplier.