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Prepare the journal entries that would be prepared

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Assume the following exchange rates applied:

Transaction date: February 1, 2019:1 U.S. Dollar = CDN$1.425

Year end: August 31, 2019:1 U.S. Dollar = CDN$1.415

Settlement date: November 30 , 2019:U.S. Dollar = CDN$1.445

Question 1: Prepare the journal entries that would be prepared on the: Transaction Date; Reporting Date; and Settlement Date

Reference no: EM132579405

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