The Following Information Pertains to Questions

Essay

The following information pertains to questions
On July 1,2013,Great White North (GWN)Inc.purchased merchandise from a supplier in the U.S.for $800,000 with terms requiring full payment by October 31,2013.On July 2,GWN entered into a forward contract to purchase $800,000 U.S.on October 31,2013 at a rate of $1.2275CDN.
On October 31,GWN paid its supplier in full.Selected dates and spot rates are shown below:
-Prepare a July 31,2013 Partial Trial Balance,indicating how each Journal Entry would appear on the Financial Statements.