Whole Foods Inc buys merchandise from suppliers in Germany and pays the suppliers in Euros. Whole Foods fiscal year ends on 6/30. On 3/1/2019 they made inventory purchase of 1 million Euros payable on 8/16/19. They also entered a forward contract to purchase 1 million Euros on 8/15/2019.

The exchange rates are the following:

Date	Spot Rate	Forward Rate
3/1/19	1EURO= 1.05 USD	1 EURO =1.07 USD
6/30/19	1 EURO = 1.12 USD	1 EURO = 1.14 USD
8/15/19	1 EURO = 1.15 USD	N/A (forward rate= spot rate)

Provide journal entries for 3/1, 6/30 and 8/15 of 2019.