Journal Entries: Journal entry is logging of the business transactions in an accounting journal. Journal entries provides data regarding company's debit and credit balances. To calculate: The effect on earnings,ifthe forecasted purchase was not hedged, assume that half of the food was sold for $ 300 , 000 .

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Chapter 9.M, Problem 6.2E

To determine

Journal Entries:

Journal entry is logging of the business transactions in an accounting journal. Journal entries provides data regarding company's debit and credit balances.

To calculate:

The effect on earnings,ifthe forecasted purchase was not hedged, assume that half of the food was sold for $300,000 .

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