Rhone Importers Purchases Automotive Parts from Germany

Essay

Rhone Importers purchases automotive parts from Germany.Prepare journal entries for the following transactions of Rhone.
$$\begin{array} { | l | l | } \hline \text { Oct I } & \begin{array} { l } \text { Purchased inventory from Weimar Co for 12,000 euros, terms n/30. The } \\\text { exchange rate was \$1.15 per euro. }\end{array} \\\hline \text { Oct. 30 } & \begin{array} { l } \text { Paid Weimar Co. For the October I purchase. The exchange rate was } \$ 1.13 \text { per } \\\text { euro }\end{array} \\\hline\end{array}$$