Wolfe Computer is a U.S. company that manufactures portable personal computers. Many of the components for the computer are purchased abroad, and the finished product is sold in foreign countries as well as in the United States. Among the recent transactions of Wolfe are the following:

Oct.	28		Purchased from Mitsutonka, a Japanese company, 20,000 disk drives. The purchase price was 182,000,000, payable in 30 days. Current exchange rate, $0.0105 per yen. (Wolfe uses the perpetual inventory method; debit the Inventory of Raw Materials account.)
Nov.	9		Sold 700 personal computers to the Bank of England for 689,394 due in 30 days. The cost of the computers, to be debited to the Cost of Goods Sold account, was $518,000. Current exchange rate, $1.65 per British pound. (Use one compound journal entry to record the sale and the cost of goods sold. In recording the cost of goods sold, credit Inventory of Finished Goods.)
Nov.	27		Issued a check to Inland Bank for $1,836,000 in full payment of account payable to Mitsutonka.
Dec.	2		Purchased 10,000 gray-scale monitors from German Optical for 1,160,000, payable in 60 days. Current exchange rate, $0.7030 per euro. (Debit Inventory of Raw Materials.)
Dec.	9		Collected dollar-equivalent of 689,394 from the Bank of England. Current exchange rate, $1.63 per British pound.
Dec.	11		Sold 10,000 personal computers to Computique, a Swiss retail chain, for SFr27,083,333, due in 30 days. Current exchange rate, $0.6000 per Swiss franc. The cost of the computers, to be debited to Cost of Goods Sold and credited to Inventory of Finished Goods, is $7,400,000.

QUESTION:

A) Prepare in general journal form the entries necessary to record the preceding transactions.

Journal Entry Worksheet 21 134 5 6 Record the purchase of 20000 disk drives from Mitsutonka. Debit General Journa Credit Date Oct 28 *Enter debits before credits Journal Entry Worksheet 12 1345 6 Record the sale and the cost of goods sold of 700 computers sold to Bank of England. Credit Date General Journal Debit Nov 09 *Enter debits before credits Journal Entry Worksheet 3 Record the payment of liability to Mitsutonka. Debit Credit Date General Journal Nov 27 *Enter debits before credits Journal Entry Worksheet 023480 Record purchase of 10000 monitors from German Opticals. Credit Date General Journal Debit Dec 02 *Enter debits before credits Journal Entry Worksheet 023060 Record the collection of receivable from Bank of England. Debit Credit Date General Journal Dec 09 *Enter debits before credits Journal Entry Worksheet 023456 Record the sale of 10000 computers to Computique. Debit Date Credit General Journal Dec 11 *Enter debits before credits