Prepare alpha companys general journal entries to record

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Question : J Saved On July 1, 2017, Alpha Company purchased inventory from its Japanese supply source. Terms of sale were 100,000 yen, due 30 days from the date of purchase. 011 July 30, 2017, Alpha paid for the supplies purchased on July 1. The exchange rate for the yen was 30.01 on the date of purchase, and 30.0097Ir on the date of payment. Use this information to prepare Alpha Company‘s general journal entries to record the purchase and payment for inventory purchased from its Japanese vendor.

Reference no: EM132363330

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