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A USCorpPurchased a Computer from a French Firm on July 1

question 45

Essay

A U.S.Corp.purchased a computer from a French firm on July 1, 2020, when a Euro cost $0.25.The U.S.firm will be required to pay the French manufacturer 75,000 Euros on August 1, 2020, when the Euro costs $0.23.

Required:
Make the necessary journal entries for the U.S.firm on July 1 and August 1.


Definitions:

Trade School

A vocational institution designed to teach students skills for a specific job or career.

Behavior Modeling

A training technique that involves demonstrating desirable behaviors and allowing learners to practice and mimic these behaviors.

Training Sessions

Structured periods of instruction designed to enhance the knowledge, skills, and abilities of participants for specific roles or tasks.

Desired Behavior

The specific actions or reactions that an organization aims to elicit from its members or employees.

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