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Shoreham Originals Corp purchased U$S10, 200 of American maple syrup to sell in Canada At the time of the June 2 purchase the exchange rate
Shoreham Originals Corp purchased U$S10, 200 of American maple syrup to sell in Canada At the time of the June 2 purchase the exchange rate was 1.3306. When the payment was made on July 28. the exchange rate was 1 2614 Journalize both transactions. CM June 2 Shoreham Originals Corp purchased US$10 200 of American maple syrup (Record debits first, then credits. Explanations are not required. Round amounts to the nearost whole dollar.) Accounts and Explanation Debit Credit Jun.2 Date July 28. Shoreham Originals Corp paid the amount due. (Record debits first, then credits. Explanations are not required. Round amounts to the nearest whole dollar) Date Accounts and explanation Debit Credit 30
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