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Warren Co purchased raw materials from a supplier in US for $ 1 5 , 0 0 0 US on June 1 6 , with

Warren Co purchased raw materials from a supplier in US for $15,000 US on June 16, with a
credit period of 90 days (settlement date is Sept 16). Warren Co. reports its financials every
month. It had paid the invoice on the due date and closed the transaction.
The Fx rates recorded were as follows:
16-Jun US 1=1.245 CDN
30-Jun US 1=1.221 CDN
31-Jul US 1=1.261 CDN
31-Aug US 1=1.258 CDN
16-Sep US 1=1.251 CDN
Please record all necessary transactions in the books of Warrant Co

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