3. Committed to buy equipment on June 15 from a Montreal health care provider for 400,000 Canadian dollars in 45 days. At the same time, the company purchased a forward contract to buy 400,000...

3. Committed to buy equipment on June 15 from a Montreal health care provider for 400,000 Canadian dollars in 45 days. At the same time, the company purchased a forward contract to buy 400,000 Canadian dollars in 45 days.

4. Paid 30,000 Canadian dollars on June 20 to refurbish the equipment purchased on June 1.

5. Sold the equipment purchased on June 1 on June 20 for 310,000 Canadian dollars to be received in 30 days.