Question: Question 3 [3 marks] On 9 May 2023 Perth Lid acquires goods on credit from a supplier in London. The goods are shipped FOB London

Question 3 [3 marks] On 9 May 2023 Perth Lid
Question 3 [3 marks] On 9 May 2023 Perth Lid acquires goods on credit from a supplier in London. The goods are shipped FOB London on 9 May 2023. The cost of the goods is UKE 300,000 and the debt remains unpaid as at 30 June 2023. On 9 May 2023 the exchange rate is A$ 1.00 = UKE 0.48. On 30 June 2023 it is A$ 1.00 = UKE 0.45. Perth Ltd reporting date is 30 June. REQUIRED: Provide the accounting journal entries necessary to account for the above purchase transaction for year ending 30 June 2023. (Calculated amounts are to be rounded to the nearest whole dollar) (Show all workings) (Narrations are required)

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