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I need someone to help me out on a project! Need to know about US GAAP, Foreign currency accounting, knows about Cash flow hedges, it's a journal entry! 11/1/2013 12/31/2013 1/31/2014 Spot Rate $1.20 $ $1.25 $1.30 Forward Rate $1.23 $1.26 $1.30 HedgeCo is interested in purchasing 1,000 of Product Z from OverSeas Inc. HedgeCo is very concerned about two issues: 1) that the price of Product Z will change and 2) the exchange rate will make an unfavorable change before the purchase takes place. Select a hedge and explain your selection. Use the exchange rates above to make your journal entry. Select appropriate account names for your journal entry.