Press Esc to exit full screen JESTION 2 Import Ltd imports raw materials from a supplier in the United states for an amount of $40 000. Transport costs on the raw materials amounted to $2 500. These transport costs were paid on 31 May 2016. Payment for the raw materials was made on 31 august 2016. The raw materials were ordered on 30 November 2015. The raw materials were delivered and taken into stock on 31 January 2016 and import limited was invoiced on the same date, i.e. 31 January 2016. The year end of the company is 30 June 2016. 20% of the raw materials bought from the united states was still on hand at year end. The following exchange rates are applicable: Date 30 November 2015 31 January 2016 R/$ exchange rate R9.80 R10.20 31 May 2016 R10.40 30 June 2016 R10.15 31 August 2016 R10.30 REQUIRED: 2.1 Prepare all the journal entries in the accounting records of the Import Ltd for the period 30 November 2015 to 31 august 2016 to account for the foreign currency transaction. Your answer must comply IFRS.