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1 April 2021 an Australian Company purchased inventory from a New Zealand supplier on credit for $NZ100.000. Payment was due on 30 August 2021. The

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1 April 2021 an Australian Company purchased inventory from a New Zealand supplier on credit for $NZ100.000. Payment was due on 30 August 2021. The company's financial year ends on 30 June. The following exchange rates applied: 01 April AUD1.00= NZD1.10 30 June AUD1.00=NZD1.04 30 August AUD1.00 NZD1.12 Required: Record all relevant journal entries

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