Coyote Corp. (a U.S. company in Texas) had the following series of transactions in a foreign country during 2011:

The appropriate exchange rates during 2011 were as follows:

Prepare all journal entries in U.S. dollars along with any December 31, 2011 adjusting entries. Coyote uses a perpetual inventory system.

Question

Coyote Corp. (a U.S. company in Texas) had the following series of transactions in a foreign country during 2011:
 
The appropriate exchange rates during 2011 were as follows:
 
Prepare all journal entries in U.S. dollars along with any December 31, 2011 adjusting entries. Coyote uses a perpetual inventory system.

Quizplus · Accepted Answer

The Answer of Coyote Corp. (a U.S. company in Texas) had the following series of transactions in a foreign country during 2011:
 
The appropriate exchange rates during 2011 were as follows:
 
Prepare all journal entries in U.S. dollars along with any December 31, 2011 adjusting entries. Coyote uses a perpetual inventory system.