Assume that Cooper Stores completed the following foreign- currency transactions: Jun 9 Purchased DVD players as inventory

Question:

Assume that Cooper Stores completed the following foreign- currency transactions:
Jun 9 Purchased DVD players as inventory on account from Moshu, a Japanese company. The price was 560,000 yen, and the of the yen was $ 0.0078.
Jul 18 Paid Moshu when the was $ 0.0072.
22 Sold merchandise on account to Le Fleur, a French company, at a price of 45,000 euros. The was $ 1.17. Ignore cost of goods sold.
28 Collected from Le Fleur when the was $ 1.14.

Requirements
1. Journalize these transactions for Cooper. Focus on the gains and losses caused by changes in foreign-currency rates. Round your answers to the nearest whole dollar.
2. On June 10, immediately after the purchase, and on July 23, immediately after the sale, which currencies did Cooper want to strengthen? Which currencies did in fact strengthen? Explain your reasoning.

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...