Question: provide all necessary journal entries Chapter 12 and 13 Assignment Nam Question A company purchased inventory from Europe valued at $100.000 euros. The spot rate

provide all necessary journal entries

Chapter 12 and 13 Assignment Nam Question A company purchased inventory from Europe valued at $100.000 euros. The spot rate at the transaction date was C$1.00 -0.85 Euro. The spot rate on year-end date was $1.00 -0.80 Euro. When the company paid the supplier 3 months after year-end the spot rate was $1.00 -0.90 Euro. Provide all necessary journal entries. Round all amounts to nearest dollar, Date Explanation/Account Debit Credit

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