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Raoul-ding Import Transactions Pinnacle Foods imports a variety ofite ms for resale to U.S. retailers. Following is a description of purchases and foreign-currency- denominated payments

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Raoul-ding Import Transactions Pinnacle Foods imports a variety ofite ms for resale to U.S. retailers. Following is a description of purchases and foreign-currency- denominated payments made in the last accounting period. plus the direct exchange rates for each date: Spam: Iputrna Runny III-noun! Elinor-Ir] purollala at Australia 2mm Australian dollar $03630 $03335 Thailand mm Baht 0.03115 0.0365 Hong Kong smut: Hung Kongdollar 0.1319 0.1362 Jordan 500,000 Dinar 141m 1.39m Required Prepare the journal entries made by Pinnacle. a U.S. company; to record the above purchase and payment transactions. Australia Dun-inrm Debit Emit A. 1r A To record purchase ofinuentory I} e To record purchase sufcient foreign currencyI to pay supplier. II 0 Foreign currency To record payment ofliahil'rty to supplier.

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