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Journal entry worksheet Record payment made to the German supplier. Note: Enter debits before credits. Journal entry worksheet 6 Record the entry to adjust the value of the euros to the new spot rate. Note: Enter debits before credits. Journal entry worksheet Record the entry to adjust the value of the euros to the new spot rate. Note: Enter debits before credits. Pacifico Company, a U.S.-based importer of beer and wine, purchased 2,000 cases of Oktoberfest-style beer from a German supplier for 620,000 euros. Relevant U.S. dollar exchange rates for the euro are as follows: The company closes its books and prepares third-quarter financial statements on September 30. a. Assume that the beer arrived on August 15, and the company made payment on October 15 . There was no attempt to hedge the exposure to foreign exchange risk. Prepare journal entries to account for this import purchase. Journal entry worksheet Record the transfer of inventory to cost of goods sold. Note: Enter debits before credits. Journal entry worksheet Record purchase of foreign currency for settling the accounts payable. Note: Enter debits before credits. Assume that the beer arrived on August 15 , and the company made payment on October 15 . There was no attempt to hedge the exposure to foreign exchange risk. Prepare journal entries to account for this import purchase. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet 56 Record the purchase of 2,000 cases of Oktoberfest-style beer from a German supplier. Note: Enter debits before credits. Journal entry worksheet Record payment made to the German supplier. Note: Enter debits before credits. Journal entry worksheet 6 Record the entry to adjust the value of the euros to the new spot rate. Note: Enter debits before credits. Journal entry worksheet Record the entry to adjust the value of the euros to the new spot rate. Note: Enter debits before credits. Pacifico Company, a U.S.-based importer of beer and wine, purchased 2,000 cases of Oktoberfest-style beer from a German supplier for 620,000 euros. Relevant U.S. dollar exchange rates for the euro are as follows: The company closes its books and prepares third-quarter financial statements on September 30. a. Assume that the beer arrived on August 15, and the company made payment on October 15 . There was no attempt to hedge the exposure to foreign exchange risk. Prepare journal entries to account for this import purchase. Journal entry worksheet Record the transfer of inventory to cost of goods sold. Note: Enter debits before credits. Journal entry worksheet Record purchase of foreign currency for settling the accounts payable. Note: Enter debits before credits. Assume that the beer arrived on August 15 , and the company made payment on October 15 . There was no attempt to hedge the exposure to foreign exchange risk. Prepare journal entries to account for this import purchase. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet 56 Record the purchase of 2,000 cases of Oktoberfest-style beer from a German supplier. Note: Enter debits before credits

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