Spot Rates and Journal Entries 1 answer below »

Date12/11/201312/21/201312/31/20131/10/20141/20/2014Spot Rates$ 1.50$ 1.52$ 1.55$ 1.59$ 1.60

Company X acquired Product X from Vendor A at a cost of ¥100,000

Company X sold Product X to Customer A for ¥200,000 (Payment is due 1/20/2014)

Provide the Journal Entries for the Vendor and the Customer (5 each) including dates, account names and amounts.

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