Question: 3 lswered ut of 30 00 estion On March 25 2013 Microchip lnc a JS company 1 million Euro on a One-year note at a

lswered ut of 30 00 estion On March 25 2013 Microchip lnc a JS company 1 million Euro on a One-year note at a per annum interest rate Of Interest payable and the note comes due on March 25 2014. The following exchange rates}pply. Fonti 5 Mar 2013 oec 2013 5 Mar 2014 Dollars per Euro 55 56 Please prepare the related journal entries in 2013 2014

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