the marionettes company is noted for an exceptionally

P12-5 Denominated sales and purchase transaction entries An American company Pete Inc. sold its inventory to Ping Pte. Ltd for $20,000 Singapore Dolla (SGD), and to SatriaTbk. for 300,000,000 rupiah on December 1,2014-when the spot rate for SGD S0.798 and for rupiah is S0.0000875. At the same time, Pete purchased merchandise from Patay 500,000 baht, when the spot rate for baht is S0.031. Pete closed its books on December 31, 2014,and collected the total sale and settlement amount on January 15, 2015 Spot rates are given as follows: Dec 31, 2014 Jan 15, 2015 $o.802 Singaporean Dollars Indonesian Rupiah Thai Baht S0.76 0.0000911 $0.OO00805 0.029 0.0318 REQUIRED: Prepare the required journal entries to account for the transactions above