Voltac Corporation (a U.S.-based company) has the following...
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Accounting
Voltac Corporation (a U.S.-based company) has the following import/export transactions denominated in Mexican pesos in 2024 : \begin{tabular}{ll} March 1 & Bought inventory costing 108,000 pesos on credit. \\ May 1 & Sold 70 percent of the inventory for 88,000 pesos on credit. \\ August 1 & Collected 74, 000 pesos from customers. \\ September 1 & Paid 64,000 pesos to suppliers. \end{tabular} Currency exchange rates for 1 peso for 2024 are as follows: Assume that all recelpts were converted into dollars as soon as they were received. Required: For each of the following accounts, what amount will Voltac report on its 2024 financial statements
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