Saved Help Save & Exit Check n In April 1, 2020, Mendoza Company (a U.S.-based company) borrowed 680,000 euros for one year at an interest rate of 5 percent per nnum. Mendoza must make its first interest payment on the loan on October 1, 2020, and will make a second interest payment on March 31, 2021, when the loan is repaid. Mendoza prepares U.S. dollar financial statements and has a December 31 year-end. Prepare ll journal entries related to this foreign currency borrowing assuming the following exchange rates for 1 euro: U. S. Dollar Date per Euro April 1, 2020 $ 1. 12 October 1, 2020 1. 22 December 31, 2020 1.26 March 31, 2021 1.30 View transaction list Journal entry worksheet 2 3 4 5 6