please help!!

Especially with the Journal Entries

Icebreaker Company (a U.S. based company) purchases materials from a foreign supplier on December 1, 2020, with payment of 15,000 dinars to be made on March 1, 2021. The materials are consumed immediately and recognized as cost of goods sold at the date of purchase. On December 1, 2020, Icebreaker enters into a forward contract to purchase 15,000 dinars on March 1,2021 Relevant exchange rates for the dinar on various dates are as follows a-1. Assuming that Icebreaker designates the forward contract as a cash flow hedge of a foreign currency payable, prepare journal entries for the import purchase and foreign currency forward contract in U.S. dollars. 0.2. What is the impact on 2020 net income? 0-3. What is the impact on 2021 net income? 0-4. What is the impact on net income over the two accounting periods? b-1. Assuming that Icebreaker designates the forward contract as a fair value hedge of a foreign currency payable. prepare journal entries for the import purchase and foreign currency forward contract in US dollars b-2. What is the impact on net income in 2020 and in 2021 ? b-3. What is the impact on net income over the two accounting periods? Record the purchase of materials. Record the forward contract. Record the entry to revalue the foreign currency account payable. Record the change in the fair value of the forward contract. Record the foreign exchange gain or loss on the forward contract. Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization Record the foreign exchange gain or loss on the forward contract. Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization of the forward contract premium or discount. Record the entry to revalue the foreign currency account receivable. Record the entry to adjust the carrying value of the forward contract to its current fair value. Record the foreign exchange gain or loss on the forward contract. Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization of the forward contract premium or discount. Record the entry to revalue the foreign currency account receivable. Record the entry to adjust the carrying value of the forward contract to its current fair value. Record the foreign exchange gain or loss on the forward contract. Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization of the fnrward montrart nramium or diconuint Note : = journal entry has been entered receivable. Record the entry to adjust the carrying value of the forward contract to its current fair value. Record the foreign exchange gain or loss on the forward contract. Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization of the forward contract premium or discount. Record the settlement of the forward contract. Record the payment of dinars to the foreign supplier. \begin{tabular}{|l|l|} \hline a-2. & Impact on 2020 net income \\ \hline a-3. & Impact on 2021 net income \\ \hline a-4. & Impact on net income over 2020 and 2021 \\ \hline \end{tabular} ReqB1> 1 Record the purchase of materials. 2 Record the forward contract. 3 Record the entry to revalue the foreign currency account payable. 4 Record the foreign exchange gain or loss on the forward contract. 5 Record the foreign exchange gain or loss on the forward contract. 6 Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization Note : O= journal entry has been entered 6 Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization of the forward contract premium or discount. 7 Record the entry to revalue the foreign currency account receivable. 8 Record the foreign exchange gain or loss on the forward contract. 9 Record the settlement of the forward contract. 10 Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization of the forward contract premium or discount. 7 Record the entry to revalue the foreign currency account receivable. 8 Record the foreign exchange gain or loss on the forward contract. 9 Record the settlement of the forward contract. 10 Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization of the forward contract premium or discount. 11 Record the settlement of the forward contract. 12 Record the payment of dinars to the foreign supplier. Note : = journal entry has been entered b-2. What is the impact on net income in 2020 and in 2021? b-3. What is the impact on net income over the two accounting periods? (Do not round intermediate calculations. Negative amounts should be entered with a minu Icebreaker Company (a U,S. based company) purchases materials from a foreign supplier on December 1, 2020, with payment of 15.000 dinars to be made on March 1, 2021. The materials are consumed immediately and recognized as cost of goods sold at the date of purchase. On December 1, 2020, Icebreaker enters into a forward contract to purchase 15,000 dinars on March 1, 2021. Relevant exchange rates for the dinar on various dates are as follows: a-1. Assuming that Icebreaker designates the forward contract as a cash flow hedge of a foreign currency payable, prepare journal entries for the import purchase and foreign currency forward contract in U.S. dollars. a-2. What is the impact on 2020 net income? o-3. What is the impact on 2021 net income? a-4. What is the impact on net income over the fwo accounting periods? b-1. Assuming that lcebreaker designates the forward contract as a fair value hedge of a foreign currency payable, prepare journal entries for the import purchase and foreign currency forward contract in U.S. dollars. b-2. What is the impact on net income in 2020 and in 2021 ? b-3. What is the impact on net income over the two accounting periods? Icebreaker Company (a U.S. based company) purchases materials from a foreign supplier on December 1, 2020, with payment of 15,000 dinars to be made on March 1, 2021. The materials are consumed immediately and recognized as cost of goods sold at the date of purchase. On December 1, 2020, Icebreaker enters into a forward contract to purchase 15,000 dinars on March 1,2021 Relevant exchange rates for the dinar on various dates are as follows a-1. Assuming that Icebreaker designates the forward contract as a cash flow hedge of a foreign currency payable, prepare journal entries for the import purchase and foreign currency forward contract in U.S. dollars. 0.2. What is the impact on 2020 net income? 0-3. What is the impact on 2021 net income? 0-4. What is the impact on net income over the two accounting periods? b-1. Assuming that Icebreaker designates the forward contract as a fair value hedge of a foreign currency payable. prepare journal entries for the import purchase and foreign currency forward contract in US dollars b-2. What is the impact on net income in 2020 and in 2021 ? b-3. What is the impact on net income over the two accounting periods? Record the purchase of materials. Record the forward contract. Record the entry to revalue the foreign currency account payable. Record the change in the fair value of the forward contract. Record the foreign exchange gain or loss on the forward contract. Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization Record the foreign exchange gain or loss on the forward contract. Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization of the forward contract premium or discount. Record the entry to revalue the foreign currency account receivable. Record the entry to adjust the carrying value of the forward contract to its current fair value. Record the foreign exchange gain or loss on the forward contract. Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization of the forward contract premium or discount. Record the entry to revalue the foreign currency account receivable. Record the entry to adjust the carrying value of the forward contract to its current fair value. Record the foreign exchange gain or loss on the forward contract. Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization of the fnrward montrart nramium or diconuint Note : = journal entry has been entered receivable. Record the entry to adjust the carrying value of the forward contract to its current fair value. Record the foreign exchange gain or loss on the forward contract. Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization of the forward contract premium or discount. Record the settlement of the forward contract. Record the payment of dinars to the foreign supplier. \begin{tabular}{|l|l|} \hline a-2. & Impact on 2020 net income \\ \hline a-3. & Impact on 2021 net income \\ \hline a-4. & Impact on net income over 2020 and 2021 \\ \hline \end{tabular} ReqB1> 1 Record the purchase of materials. 2 Record the forward contract. 3 Record the entry to revalue the foreign currency account payable. 4 Record the foreign exchange gain or loss on the forward contract. 5 Record the foreign exchange gain or loss on the forward contract. 6 Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization Note : O= journal entry has been entered 6 Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization of the forward contract premium or discount. 7 Record the entry to revalue the foreign currency account receivable. 8 Record the foreign exchange gain or loss on the forward contract. 9 Record the settlement of the forward contract. 10 Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization of the forward contract premium or discount. 7 Record the entry to revalue the foreign currency account receivable. 8 Record the foreign exchange gain or loss on the forward contract. 9 Record the settlement of the forward contract. 10 Record the entry to adjust the net amount recognized as foreign exchange gain or loss to reflect the amortization of the forward contract premium or discount. 11 Record the settlement of the forward contract. 12 Record the payment of dinars to the foreign supplier. Note : = journal entry has been entered b-2. What is the impact on net income in 2020 and in 2021? b-3. What is the impact on net income over the two accounting periods? (Do not round intermediate calculations. Negative amounts should be entered with a minu Icebreaker Company (a U,S. based company) purchases materials from a foreign supplier on December 1, 2020, with payment of 15.000 dinars to be made on March 1, 2021. The materials are consumed immediately and recognized as cost of goods sold at the date of purchase. On December 1, 2020, Icebreaker enters into a forward contract to purchase 15,000 dinars on March 1, 2021. Relevant exchange rates for the dinar on various dates are as follows: a-1. Assuming that Icebreaker designates the forward contract as a cash flow hedge of a foreign currency payable, prepare journal entries for the import purchase and foreign currency forward contract in U.S. dollars. a-2. What is the impact on 2020 net income? o-3. What is the impact on 2021 net income? a-4. What is the impact on net income over the fwo accounting periods? b-1. Assuming that lcebreaker designates the forward contract as a fair value hedge of a foreign currency payable, prepare journal entries for the import purchase and foreign currency forward contract in U.S. dollars. b-2. What is the impact on net income in 2020 and in 2021 ? b-3. What is the impact on net income over the two accounting periods