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Prairie Dog Inc.borrowed $10,000,000 U.S.on January 1,2011 at an annual rate of 8%.The loan is due December 31,2014 and interest is payable annually each December 31.The exchange rates on selected dates throughout the life of the loan are shown below:
-Prepare the journal entries for 2011.

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Prairie Dog Inc.borrowed $10,000,000 U.S.on January 1,2011 at an annual rate of 8%.The loan is due December 31,2014 and interest is payable annually each December 31.The exchange rates on selected dates throughout the life of the loan are shown below: 
-Prepare the journal entries for 2011.

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The Answer of The following information pertains to questions 
Prairie Dog Inc.borrowed $10,000,000 U.S.on January 1,2011 at an annual rate of 8%.The loan is due December 31,2014 and interest is payable annually each December 31.The exchange rates on selected dates throughout the life of the loan are shown below: 
-Prepare the journal entries for 2011.

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