Aussie Ltd enters into a non-cancellable purchase commitment with US Window Ltd for the supply of windows on 15 July 2022, with the windows to be shipped on 31 July 2022. The total contract price was US$3 000 000 and the full amount was due for payment on 30 September 2022. Because of concerns about movements in foreign exchange rates, on 15 July 2022 Aussie Ltd entered into a forward rate contract on US dollars with a foreign exchange broker so as to receive US$3 000 000 on 30 September 2022 at a forward rate of SA1.00 = US$0.78. Aussie Ltd prepares monthly financial statements and it elects to treat the hedge as a cash flow hedge. Aussie Ltd elects to adjust the cost of the inventory as a result of the hedging transaction. Other information The respective spot rates are provided below. The forward rates offered on particular dates, for delivery of US dollars on 30 September 2022 are also provided. Date 15 July 2022 31 July 2022 31 August 2022 30 September 2022 Spot rate $A1.00 US$0.80 = = $A1.00 US$0.78 $A1.00 US$0.75 $A1.00 US$0.72 Forward rates for 30 Sep.2022 delivery of USS US$0.78 == SA1.00 SA1.00 US$0.76 SA1.00 US$0.74 SA1.00 US$0.72 Provide the journal entries to account for the 'hedged item' and the 'hedging instrument' for the months ending 31 July, 31 August and 30 September 2022.