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The acquisition and payment by the searle company

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On January 15, 2010, the Searle Company, a U.S. company, acquired machinery on credit from a British company for 12,000. The company paid for the machine on January 30, 2010. The exchange rates on January 15 and 30 were $1.85 and $1.80, respectively.

Required:
Record the journal entries for the acquisition and payment by the Searle Company.

Reference no: EM13873063

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