Journalize the following foreign-currency transactions for Kingsway Import Inc.: 2017 Nov. 17 Purchased goods on account from

Question:

Journalize the following foreign-currency transactions for Kingsway Import Inc.:
2017
Nov. 17 Purchased goods on account from a Japanese company. The price was 500,000 yen, and the of the yen was $0.0117.
Dec. 16 Paid the Japanese supplier when the was $0.0120. 19 Sold merchandise on account to a French company at a price of 80,000 euros. The was $1.57.
31 Adjusted for the decrease in the value of the euro, which had an of $1.54. Kingsway Import Inc.'s year end is December 31.
2018
Jan. 14 Collected from the French company. The was $1.58.
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...