Consider a u. s. importer desiring to purchase merchandise from a dutch exporter invoiced in euros, at a cost of €160,000. the u. s. importer will contact his u. s. bank (where, of course, he has an account denominated in u. s. dollars) and inquire about the exchange rate, which the bank quotes as €0.6250/$1.00. the importer accepts this price, so his bank will proceed to the importer's account in the amount of

a) credit; €512,100
b) credit; $500,000
c) debit; €100,000
d) debit; $256,000

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold.mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)