Jan Leskewitch has approached you for advice on how to record transactions for her company. She has just started an Internet-based business in her basement

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Jan Leskewitch has approached you for advice on how to record transactions for her company. She has just started an Internet-based business in her basement and is surprised to see that she has a great deal of interest from customers in Europe. She is considering recording her prices in euros on the website and allowing her clients to pay in euros. She would like to understand the accounting implications of setting up her business in this manner.
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Provide the advice requested from Jan.

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