On November 1,2010,Athom Corporation Purchased 5,000 Television Sets for Its

On November 1,2010,Athom Corporation purchased 5,000 television sets for its merchandise inventory from Sockk,a South Korean firm,at a total quoted cost of 600,000,000 won (W).On this date,the spot rate for the won was $1 = 1,080W.On the same day,Athom invested $500,000 cash in a non-interest bearing account with a Japanese bank,to hedge its exposed liability position.The account payable to Sockk is due on January 30,2011.The exchange rates on December 31,2010 and January 30,2011 were $1 = 1,060W,and $1 = 1,030W,respectively.Athom agreed to pay Sockk in won.The bank deposit made by Athom will be held in won,but will be withdrawn in dollars by Athom on January 30th.Assume that Athom has a December 31 year-end.Assume this is a fair value hedge.
Required:
Prepare all the journal entries for Athom Corporation's General Journal on November 1,2010,December 31,2010,and January 30,2011.Round entries to the nearest whole dollar.If no entry is required on a particular date,indicate "No entry" in the General Journal.