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Record a journal entry addressing the following transactions: Suppose that on July 2, 20X2, the central rates for the Singapore and South African currencies were

Record a journal entry addressing the following transactions: Suppose that on July 2, 20X2, the central rates for the Singapore and South African currencies were Singapore Dollar (S$) 0.789085/US Dollar (US$) and Rand 0.122540/US$.

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