Rhone Importers purchases automotive parts from Germany.Prepare journal entries for the following transactions of Rhone.
$$\begin{array} { | l | l | }
\hline \text { Oct I } & \begin{array} { l }
\text { Purchased inventory from Weimar Co for 12,000 euros, terms n/30. The } \
\text { exchange rate was \$1.15 per euro. }
\end{array} \
\hline \text { Oct. 30 } & \begin{array} { l }
\text { Paid Weimar Co. For the October I purchase. The exchange rate was } \$ 1.13 \text { per } \
\text { euro }
\end{array} \
\hline
\end{array}$$

Question

Rhone Importers purchases automotive parts from Germany.Prepare journal entries for the following transactions of Rhone.
 $$\begin{array} { | l | l | } 
\hline \text { Oct I } & \begin{array} { l } 
\text { Purchased inventory from Weimar Co for 12,000 euros, terms n/30. The } \
\text { exchange rate was \$1.15 per euro. }
\end{array} \
\hline \text { Oct. 30 } & \begin{array} { l } 
\text { Paid Weimar Co. For the October I purchase. The exchange rate was } \$ 1.13 \text { per } \
\text { euro }
\end{array} \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Rhone Importers purchases automotive parts from Germany.Prepare journal entries for the following transactions of Rhone.
 $$\begin{array} { | l | l | } 
\hline \text { Oct I } & \begin{array} { l } 
\text { Purchased inventory from Weimar Co for 12,000 euros, terms n/30. The } \
\text { exchange rate was \$1.15 per euro. }
\end{array} \
\hline \text { Oct. 30 } & \begin{array} { l } 
\text { Paid Weimar Co. For the October I purchase. The exchange rate was } \$ 1.13 \text { per } \
\text { euro }
\end{array} \
\hline
\end{array}$$

Rhone Importers Purchases Automotive Parts from Germany