Question: ////////////////////////////////////++++++++++++++++++////////////////////////////////////// Please solve using a computer What is required for the three scenarios? Recording the necessary accounting entries The second exercise: On December 17, 2018,
////////////////////////////////////++++++++++++++++++//////////////////////////////////////
Please solve using a computer

What is required for the three scenarios? Recording the necessary accounting entries
The second exercise:
On December 17, 2018, Siemens bought on account a stock of an American company in the amount of $100,000;
The prevailing exchange rate is: | Canadian dollars = 0.98 US dollars;
Siemens' financial year in
Expires on 12/31/2018
The spot exchange rate on December 31, 2018 was: 1 Canadian dollar = 0.96 US dollars. On January 26, 2019, the company paid in full to the American company; At the time, the exchange rate was estimated at 1 Canadian dollar = 0.97 US dollars.
Required: Accounting recording of all transactions
rated categorize?
It presents you with the following table: Statement Scenario 3 100 000 Scenario 2 100 000 Scenario 100 000 The face value of the bill of exchangel Release Date 01 March 2017 01 March 2017 11) March 2017 6 01 March 2018 Zero 11) March 2018 due 6% on maturity 5% June 30, 2017 Due Date| Zero% The interest rate on the paper % 5 The corresponding market % S 5 cash Money 31/12/2017 Tools interest rate received Makhron 12/31/2017 31/12/2017 The end of the company's financial year It presents you with the following table: Statement Scenario 3 100 000 Scenario 2 100 000 Scenario 100 000 The face value of the bill of exchangel Release Date 01 March 2017 01 March 2017 11) March 2017 6 01 March 2018 Zero 11) March 2018 due 6% on maturity 5% June 30, 2017 Due Date| Zero% The interest rate on the paper % 5 The corresponding market % S 5 cash Money 31/12/2017 Tools interest rate received Makhron 12/31/2017 31/12/2017 The end of the company's financial year
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
