Scenarios 1, you are required to make all necessary journal entries related to these transactions, including initial transactions, adjusting journal entries on the closing date of the financial year, payment transactions, including transactions for making forward contracts, contract settlements, and settlements. . Include your calculations.

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On November 15, 2015, PT Perkasa purchased 1,000 tons of yarn produced by De Lasaux, S.A., a company based in Nice, France. The price of the raw material is €100 per tonne. The purchase was made on credit with n/60 terms. In the following, information regarding the exchange rates associated with these transactions is presented. Date E1 15 November 2015 Rp14.265 December 31, 2015 Rp14.100 January 15, 2016 Rp14.000 On November 15, 2015, PT Perkasa purchased 1,000 tons of yarn produced by De Lasaux, S.A., a company based in Nice, France. The price of the raw material is €100 per tonne. The purchase was made on credit with n/60 terms. In the following, information regarding the exchange rates associated with these transactions is presented. Date E1 15 November 2015 Rp14.265 December 31, 2015 Rp14.100 January 15, 2016 Rp14.000

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The purchase of raw materials would be recorded at the exchange rat... View the full answer