On June 1, Year 3, Forever Young Corp. (FYC) ordered merchandise from a supplier in Turkey for Turkish lira (TL) 217,000. The good were delivered on September 30, with terms requiring cash on delivery. On June 2, Year 3, FYC entered a forward contract as a ca: flow hedge to purchase TL. 217,000 on September 30 , Year 3 , at a rate of $0.90. FYC's year-end is June 30 . On September 30, Year 3, FYC paid the foreign supplier in full and settled the forward contract. Exchange rates were as follows: "For contracts expiring on September 30 , Year 3. Required: (c) Prepare all necessary journal entries to record the transactions described above, assuming that the forward contract was designated as a fair value hedge. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 234 Record the forward contract. Note: Enter debits before credits. Journal entry worksheet