Question: Problem Set up the double-entry accounts showing the appropriate debits and credits associated with the following transactions: a.ConAgra, a U.S. agribusiness, exports $80 million of

Problem

Set up the double-entry accounts showing the appropriate debits and credits associated with the following transactions:

a.ConAgra, a U.S. agribusiness, exports $80 million of soybeans to China and receives payment in the form of a check drawn on a U.S. bank.

b.The U.S. government provides refugee assistance to Somalia in the form of corn valued at $1 million

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