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GWN Has a July 31st Year End

Question 18

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GWN has a July 31st year end. On that date the forward rate for US dollars for three months was CDN $1.2225. Prepare any and all Journal Entries you deem necessary to record the above transaction. GWN has a July 31st year end. On that date the forward rate for US dollars for three months was CDN $1.2225. Prepare any and all Journal Entries you deem necessary to record the above transaction. GWN has a July 31st year end. On that date the forward rate for US dollars for three months was CDN $1.2225. Prepare any and all Journal Entries you deem necessary to record the above transaction.

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