FINANCIAL ACCOUNTING
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ISBN: 9781259964947
Author: Libby
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Transcribed Image Text:Question 6
On Octobel 31, 2020, Tarling Company neguiated a one year 100.000-eanc loan kon a f n bank at an intert rate of 3% per yea tont paymen e mae s on Odb 31, nd
peincipal wilf be repaid on October 31 2021 Tarling prepares US dolla financial tatoments and han a Deconber 31 year end
Date
ranc Rate
October 31, 2020
30 49
December 31, 2020
S0 55
October 31, 2021
50 65
Required:
Assuming the above information Prepare all jounal entries related to thi foreign orency bonowing
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