Question: please provide the entry for EACH transaction listed Check my work On December 1, 20X1. Rone Imports, a U.S. company purchased clocks from Switzerland for

Check my work On December 1, 20X1. Rone Imports, a U.S. company purchased clocks from Switzerland for 15.000 francs (SFg to be paid on January 15, 20X2. Rone's fiscal year ends on December 31, and its reporting currency is the US dollar. The exchange rates are December 1, 20x1 December 31, 20x1 January 15, 20X2 1 SFF $ 8.70 1 SF 0.66 1 SFP 0.68 b. Prepare journal entries for Rone to record for a transaction/event, select "No journal entry required" in the first View transaction list View journal entry worksheet Record the purchase of the clocks. 2 Record the revaluation of the foreign currency payable to the U.S. dollar equivalent value. 3 Record the revaluation of accounts payable to the current U.S. dollar equivalent. 4 Record the purchase of Swiss francs. 5 Record the settlement of the payables.
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