Pinnacle Foods imports a variety of tems for resale to US. retailers. Following is a description of purchases and foreign currency denominated payments made in the ust accounting produce direct exchange rates for each date: Zountry Amount Spot rate at Spot rate Currency purchase at payment Australia 200.000 Australian dollar 507000 30.700 Thailand 800.000 Bar 0.0345 0.0365 Hong Kong 5.000.000 Hong Kong dole 07319 0.9362 Jordan 500.000 Din 14100 1.100 Required Prepare the journal entries made by Pinnace a US company, to record the above purchase and payment transactions Australia Description Debit Credit Inver pytle . O To record purchase of For renty 0.X ow Canh 0 OK To record purchase sufficer for next by Sophie Accounts payatve . ov Echange . OM Foreign currency OW Toscand payment of Babe SUP Thailand Description Creu Invernes Accounts payable O OM 0 O 0 OW Forum || To record de som forecarritory your he coins payat Ethang for currency 0 OW DK Debit 0 x Credit 0 0 0 0 X 0 0 0 0 x 0 "Hong Kong Description Inventories Accounts payable To record purchase of inventory Foreign currency Cash To record purchase sufficient foreign currency to pay supplier. Accounts payable Exchange loss Foreign currency To record payment of liability to supplier. Jordan Description Inventories Accounts payable To record purchase of inventory Foreign currency Cash To record purchase sufficient foreign currency to pay supplier. Accounts payable Exchange gain Foreign currency To record payment of liability to supplier. Credit 0 Debit 0 > 0 X 0 . 0 0 x 0 0 x 0 OX 0 0 Spot rate at Spot rate Country Amount Currency purchase at payment Australia 200,000 Australian dollar $0.7600 $0.7300 Thailand 800,000 Baht 0.0345 0.0365 Hong Kong 5,000,000 Hong Kong dollar 0.1319 0.1362 Jordan 500,000 Dinar 1.4100 1.3900 Required Prepare the journal entries made by Pinnacle, a U.S.company, to record the above purchase and payment transactions. Australia Description Debit Credit Inventories 0 X Accounts payable 0 To record purchase of inventory Foreign currency 0 Cash 0 0X To record purchase sufficient foreign currency to pay supplier Accounts payable OX 0 Exchange gain 0 OX Foreign currency 0 0 X To record payment of liability to supplier Thailand Description Debit Credit Inventories Accounts payable To record purchase of inventory Foreign currency OX Cash To record purchase sufficient foreign currency to pay supplier Accounts payable Exchange loss Foreign currency OX To record payment of liability to supplier 0 0 0 x 44 0 OX 0 0X 0 0 O