Question: Please answer the following problem below: NOTE: Please show your calculation and Round percentages to two decimals place Ex 5 On September 15, 2019, Keefer

Please answer the following problem below:

Please answer the following problem below: NOTE: Please show your calculation and NOTE: Please show your calculation and Round percentages to two decimals place

Ex 5 On September 15, 2019, Keefer Company (US) received an order to sell and shipped a machine to a customer in Canada at a price of $100000 US dollar. The machine was shipped on September 15, 2019 and payment was received on January 1, 2020 Required: Prepare all journal entries for Keefer company in connection with the purchase, end of year and payment The following spot exchange rates apply: Case 1 Case 2 Date USD/CAD Date USD/CAD 1-Sep-19 1.39 1-Sep-19 1.39 15-Sep-19 1.4 15-Sep-19 1.4 1-Dec-19 1.41 1-Dec-19 1-Jan-20 1.42 1-Jan-20 1.38 1.39

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