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Question 5 4 Points Fakhro Co. is Bahraini company, and the Bahraini Dinar is functional currency. on 1 January 2020 Fakhro Co. purchases Equipment on
Question 5 4 Points Fakhro Co. is Bahraini company, and the Bahraini Dinar is functional currency. on 1 January 2020 Fakhro Co. purchases Equipment on credit from Saudi company for 49,500 Saudi Riyal, when the exchange rate was 1 Bahraini Dinar -8.25 Saudi Riyal The exchange rate on 31 December 2020. 1 Bahraini Dinar = 9 Saudi Riyal Required in Fakhro Co. 1 journal entry on January 2020, (2 points) 2) The Gain or loss on 31 December 2020 (2 points) important Notes: Show oil calculations. Layout of journal Account Amount Debitor Credit - Write each entry or required in a separote line Use the color to formour use 1 Point
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