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please use excel. its easiest to understand that way :) Rate of Exchange ROBLEM 12. Journal Entries-Exporting Transactions LO 4 GAF manufactures electrical cells at

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please use excel. its easiest to understand that way :)
Rate of Exchange ROBLEM 12. Journal Entries-Exporting Transactions LO 4 GAF manufactures electrical cells at its St. Louis facility. The company's fiscal year-end is September 30. It has adopted the perpetual inventory cost flow method to control inventory costs . The company entered into the following transactions during the month of September. All exchange rates are direct quotations. Billing Amount Date Transaction 2019 $1.1291 Sept. 5 Exported 10 electrical cells to a company 17.341 pesos located in Argentina. Cost per unit, $950. 9 Received raw materials ordered from a British company. The goods were shipped FOB destination and had not been recorded on the 12,200 Pounds 1.6821 books of GAF, Inc 14 Exported 12 electrical cells to a company domiciled in Norway, Cost per unit. $970. 160,274 Krone 30 End of fiscal year-end. Peso 1.1091 British pound 1.6911 Krone .1530 .1450 Billing Amount Rate of Exchange 1.1190 Date Oct. Transaction 5 Received full payment for the 10 units sold on September 5. 9 Paid British company in full for raw materials purchased September 9. 30 Received full payment for 12 units sold on September 14. 1.5948 .1440 Required: A. Prepare the journal entries required on the books of GAF to record the transactions and year-end adjustments. Round all computations to the nearest dollar

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