Coyote Corp. (a U.S. company in Texas) had the following series of transactions in a foreign country during 2011: The appropriate exchange rates during 2011 were as follows: Prepare all journal entries in U.S. dollars along with any December 31, 2011 adjusting entries. Coyote uses a perpetual inventory system.

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Coyote Corp. (a U.S. company in Texas) had the following series of transactions in a foreign country during 2011:  The appropriate exchange rates during 2011 were as follows:  Prepare all journal entries in U.S. dollars along with any December 31, 2011 adjusting entries. Coyote uses a perpetual inventory system.

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The Answer of Coyote Corp. (a U.S. company in Texas) had the following series of transactions in a foreign country during 2011:  The appropriate exchange rates during 2011 were as follows:  Prepare all journal entries in U.S. dollars along with any December 31, 2011 adjusting entries. Coyote uses a perpetual inventory system.