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Please answer all the questions. I also need personal tutoring. Please c on tact me. 3. On 10 June 2021, Barbara Ltd acquired goods on
Please answer all the questions. I also need personal tutoring. Please c on tact me.
3. On 10 June 2021, Barbara Ltd acquired goods on credit from a supplier in London. The goods are shipped FOD London on 10 june 2021. The cost of the goods in UK pound 66,000 and the debt remains unpaid at 30 june 2021. Barbara Ltd is an Australian company and the reporting date is 30 June. The relevant exchange rates are: 10 June 2021: A$ 1.00 = UK pound 0.55 30 June 2021: A$ 1.00 = UK pound 0.5 Provide the accounting journal entries neccassry to account for the above purchase transaction for year ending 30 June 2021 (Calculated amounts are to be rounded to the nearest dollar) Show all workings and narrationsStep by Step Solution
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