The following unadjusted and adjusted trial balances are from the current year's accounting system for Excelsior. 
Present the six adjusting entries in general journal form that explain the changes in the account balances from the unadjusted to the adjusted trial balance.
Definitions:
Transactions Exposure
Refers to the potential for a company's cash flows and thus its market value to change due to a change in exchange rates.
Swap Contract
A financial agreement where two parties agree to exchange the cash flows or liabilities from two different financial instruments.
Spot Price
Spot Price is the current market price at which a particular asset, such as commodities, securities, or currencies, can be bought or sold for immediate delivery.
Futures Contract
A formalized agreement that obligates the purchase or sale of a specific commodity or asset at an agreed-upon price at a future date.
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