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Please kindly help me to answer these. thank you! Q. 4) Buyco, located in Canada, purchased raw materials from Sellco located in USA fir $85,000

Please kindly help me to answer these. thank you!

Q. 4) Buyco, located in Canada, purchased raw materials from Sellco located in USA fir $85,000 US on September 19, 2021 with payment date as December 19th 2021. Buyco prepares its financials on a monthly basis. The exchange rates as applicable were as below:

31-Aug USD 1 = 1.362 CAD 30-Sep USD 1 = 1.371 CAD 31-Oct USD 1 = 1.358 CAD 30-Nov USD 1 = 1.392 CAD

Please prepare all necessary journal entries to record the purchase, revaluation and payment on due date.

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