Golden Ltd. had the following transactions in 20X5:
a. Bought goods on 1 June from Brit Ltd. for 70,000 euros, with payment due in four months’ time.
b. Bought goods from New York Sales Corp. on 15 June for US$150,000; payment was due in one month.
c. Bought goods from London Ltd. on 15 July for 20,000 euros; settlement was to be in two months.
d. Paid New York Sales Corp. on 15 July.
e. Paid London Ltd. on 15 September.
f. Paid Brit Ltd. on 1 October.

Required:
Prepare journal entries for the above transactions.

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Canadian Equivalencies 1 June 15 June 15 July 15 September 1 October EXCHANGE RATES Euros 2.11 2.19 2.13 2.20 2.17 US$ 1.07 1.11 1.17 1.03 1.06