PRINTER VERSION 4 AACK NEXT Brief Exercise 16-5 On January 1, 2020, Wildhorsnc, entered into a futures contract to purchase U.S. $5,050 for $5,400 Canadian in 30 days on the futures Exchange. On January 15, the fair value of the contract was $36 (reflecting the present value of the future cash flows under the contract), Wildhorse Inc. was required to deposit $20 with the stockbroker margin. Prepare the journal entries to update the books on January 1 and 15. (Credit account titles are automatically indented when the most is entered. Do not deadly If na entry required, select "No Entry for the accounts and enter for the amounts Record journal entries in the order sented in the problem Date Account Titles and Explanation Debit Credit Question Attempts: 0 of 2 used SAVE FOR LATEH SUERIT ANSWER PRINTER VERSION 4 AACK NEXT Brief Exercise 16-5 On January 1, 2020, Wildhorsnc, entered into a futures contract to purchase U.S. $5,050 for $5,400 Canadian in 30 days on the futures Exchange. On January 15, the fair value of the contract was $36 (reflecting the present value of the future cash flows under the contract), Wildhorse Inc. was required to deposit $20 with the stockbroker margin. Prepare the journal entries to update the books on January 1 and 15. (Credit account titles are automatically indented when the most is entered. Do not deadly If na entry required, select "No Entry for the accounts and enter for the amounts Record journal entries in the order sented in the problem Date Account Titles and Explanation Debit Credit Question Attempts: 0 of 2 used SAVE FOR LATEH SUERIT