Essay
A U.S.Corp.purchased a computer from a French firm on July 1, 2020, when a Euro cost $0.25.The U.S.firm will be required to pay the French manufacturer 75,000 Euros on August 1, 2020, when the Euro costs $0.23.
Required:
Make the necessary journal entries for the U.S.firm on July 1 and August 1.
Correct Answer:
Verified
Correct Answer:
Verified
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