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How would the journal entries look

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Question - On April 1, 2017, Mendoza Company borrowed 500,000 euros for one year at an interest rate of 5 percent per annum. Mendoza must make its first interest payment on the loan on October 1, 2017, and will make a second interest payment on March 31, 2018, when the loan is repaid. Mendoza prepares U.S.-dollar financial statements and has a December 31 year-end. How would the 9 journal entries look related to this foreign currency borrowing assuming the following exchange rates for 1 euro:

April 1, 2017 $1.10

October 1, 2017 $1.20

December 31, 2017 $1.24

March 31, 2018 $1.28

Reference no: EM132980842

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