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  3. 1- on december 9,20x0, u.s. company x acquired inv

1- On December 9,20X0, U.S. Company X acquired inventory from a British supplier...

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Accounting

1- On December 9,20X0, U.S. Company X acquired inventory from a British supplier for 100,000, with payment due in pounds on January 8,201. Spot exchange rates for the pound were: December 9,20X0, $1.50; December 31,20X0, $1.48; and January 8,20X1, $1.47. For Company X with a December 31,200 closing, what would these transactions result in a foreign currency transaction in 200 and 201?
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