Question
VISA buys the plastic materials to make their credit cards from suppliers in Indonesia. They placed their most recent order on June 15, 20X1 agreeing
- VISA buys the plastic materials to make their credit cards from suppliers in Indonesia. They placed their most recent order on June 15, 20X1 agreeing to pay 40,000 Indonesian Rupiah in 30 days when the bill is due on July 15, 20X1. VISA prepares semiannual reports.
| Date | Spot Rate (1 Ind. Rupiah to USD) |
| 06/15/X1 | $0.87 |
| 06/30/X1 | $0.82 |
| 07/15/X1 | $0.91 |
Please prepare the journal entries for this transaction (you can take a picture of your solution written by hand and insert it, if it is easier)
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Treasury Financial Manual Volume 1 Book 2
Authors: US Treasury
1st Edition
1790318432, 978-1790318438
