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Voltac Corporation (a U.S.-based company) has the following import/export transactions denominated in Mexican pesos in 2024 : begin{tabular}{ll} March 1 & Bought inventory costing 119,000
Voltac Corporation (a U.S.-based company) has the following import/export transactions denominated in Mexican pesos in 2024 : \begin{tabular}{ll} March 1 & Bought inventory costing 119,000 pesos on credit. \\ May 1 & Sold 60 percent of the inventory for 99,000 pesos on \\ August 1 & credit. \\ Septenber 1 & \begin{tabular}{l} Collected 79,500 pesos fron customers. \\ Paid 69,500 pesos to suppliers. \end{tabular} \end{tabular} Currency exchange rates for 1 peso for 2024 are as follows: Assume that all receipts were converted into dollars as soon as they were received. Required: For each of the following accounts, what amount will Voltac report on its 2024 financial statements? Currency exchange rates for 1 peso for 2024 are as follows: Assume that all receipts were converted into dollars as soon as they were received. Required: For each of the following accounts, what amount will Voltac report on its 2024 financial statements
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