You are the finance director of the Australian listed company, Fire Ltd that has a functional currency in A$. Fire Ltd purchases goods from Hong Kong and purchases land in Japan. The company's financial year ends on 30 June 2023. Fire Ltd entered the following transactions during the year.

(a) Fire Ltd purchased inventories from a Hong Kong supplier for HK$2700000 on 15 April 2023. The purchase contract is settled in three equal instalments of HK$900000. The following exchange rates apply.

15 Apr. 2023

Date of purchase HK$2 700 000

A$1=HK$5.99

31 May 2023

1st payment of HK$900 000

A$1=HK$6.01

30 June 2023

End of the reporting period

A$1=HK$6.21

31 Aug. 2023

2nd payment of HK$900 000

A$1=HK$6.18

30 Sept. 2023

3rd payment of HK$900 000

A$1=HK$6.24

(b)FireLtd purchased land in Japan on 1 July 2022 for 60000000. The land is subsequently revalued on 30 June 2023 to its fair value of 90000000. The following exchange rates are applicable.

1 July 2022

Date of acquisition of land

A$1=180

30 June 2023

Date of revaluation of land

A$1=265

Required

Prepare the journal entries of Fire Ltd to account for its foreign currency transactions (rounding to the nearest dollar).