Question 14 (10 points) Question 24 Foreign Currency Transactions (2 +4 + 4 = 10 marks) On 1 March 2018, Bobby Ltd enters into a binding agreement with a Hong Kong compar which requires the Hong Kong Company to construct an item of machinery for Bobby LC The cost of the machinery is HK$ 1 million. The machinery is completed on 1 June 2019 ar shipped FOB Tsuen Wan on that date. The debt is unpaid at 30 June 2019, which is als Bobby Ltd's reporting date. The exchange rates at the relevant dates are: 1 March 2018 A$1.00 - HK$1.20 30 June 2018 A$1.00 HK$1.15 1 June 2019 AS1.00 = HK$1.30 30 June 2019 A$1.00 - HK$1.25 Required Provide the required journal entries of Bobby Ltd for the years ending 30 June 2018 and 30 June 2019. 80, 000 F4 FS F7 $ 4 % 5 & 7 3 9 0