Prepare journal entries for the following transactions for Inter-Global Co.
October 10: Purchased merchandise on account from Le Monde,a French company,for 80,000 euros.The exchange rate was $0.82.
November 2: Paid Le Monde for the merchandise purchased on October 1.The exchange rate at this date was $0.83.
November 15: Sold merchandise to Nippon,a Japanese company for 300,000 yen on account.The rate of exchange was $0.0091.
November 20: The Japanese company paid the full amount.The exchange rate was $0.0090.
December 5: Sold merchandise to Ponti,an Italian company for $24,000.The exchange rate is $0.81.The Italian company agrees to pay in U.S.dollars.
December 18: Collected the full amount from the Italian company when the exchange rate is $0.82.

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The Answer of Prepare journal entries for the following transactions for Inter-Global Co.
October 10: Purchased merchandise on account from Le Monde,a French company,for 80,000 euros.The exchange rate was $0.82.
November 2: Paid Le Monde for the merchandise purchased on October 1.The exchange rate at this date was $0.83.
November 15: Sold merchandise to Nippon,a Japanese company for 300,000 yen on account.The rate of exchange was $0.0091.
November 20: The Japanese company paid the full amount.The exchange rate was $0.0090.
December 5: Sold merchandise to Ponti,an Italian company for $24,000.The exchange rate is $0.81.The Italian company agrees to pay in U.S.dollars.
December 18: Collected the full amount from the Italian company when the exchange rate is $0.82.

Prepare Journal Entries for the Following Transactions for Inter-Global Co