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    If You Need The Solution For This or Any Other School / College / University Assignment Then Just Email Me at - I Will Respond ASAP. Thank You

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    Waqar Ahmad
    Texana Inc. imported inventory from Mexico, purchasing $45,500 worth of goods from Acquilla Co on December 21st on 30-day credit terms. On December 31st, Texana recorded a year-end adjustment for the change in exchange rate. On January 20th, Texana paid Acquilla Co $46,000 for the December import due to another exchange rate fluctuation.

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    If You Need The Solution For This or Any Other School / College / University Assignment Then Just Email Me at - I Will Respond ASAP. Thank You

    Uploaded by

    Waqar Ahmad
    19 views1 page
    Texana Inc. imported inventory from Mexico, purchasing $45,500 worth of goods from Acquilla Co on December 21st on 30-day credit terms. On December 31st, Texana recorded a year-end adjustment for the change in exchange rate. On January 20th, Texana paid Acquilla Co $46,000 for the December import due to another exchange rate fluctuation.

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    Texana Inc

    Original Title

    Texana Inc

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    Texana Inc. imported inventory from Mexico, purchasing $45,500 worth of goods from Acquilla Co on December 21st on 30-day credit terms. On December 31st, Texana recorded a year-end adjustment for the change in exchange rate. On January 20th, Texana paid Acquilla Co $46,000 for the December import due to another exchange rate fluctuation.

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    19 views1 page

    If You Need The Solution For This or Any Other School / College / University Assignment Then Just Email Me at - I Will Respond ASAP. Thank You

    Uploaded by

    Waqar Ahmad
    Texana Inc. imported inventory from Mexico, purchasing $45,500 worth of goods from Acquilla Co on December 21st on 30-day credit terms. On December 31st, Texana recorded a year-end adjustment for the change in exchange rate. On January 20th, Texana paid Acquilla Co $46,000 for the December import due to another exchange rate fluctuation.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Texana Inc. imports inventory from Mexico.

    Prepare the journal entries for Texana to record the following transactions.
    Include any year-end adjustments.
    Dec 21- Purchased Inventory from Acquilla Co for 500,000 Mexican Pesos. The exchange rate was $0.0914 per peso. The
    credit terms were n/30.
    Dec 31- The exchange rate was $0.0917 per peso.
    Jan 20- Paid Acquilla Co for the December 21 purchase. The exchange rate was $0.0920 per peso.

    If you need the solution for this or any other school / college / university assignment then just email me at
    waqar42@gmail.com. I will respond ASAP. Thank You

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