Translation of sale of inventories on credit terms  LO3, 6, 7 Haven Ltd is an Australian company that makes and sells small electronic goods. On 1 February 2020, a customer from the United States ordered some goods from Haven Ltd at an invoice cost of US$400 000 on terms FOB destination. On 30 April 2020, the goods were delivered to the customer. The agreed payment arrangements are that 30% of the total amount owing would be paid on delivery, 20% 3 months after delivery, and the remaining 50% 4 months after delivery. The end of the reporting period for Haven Ltd is 30 June. The following exchange rates are applicable. 1 February 2020 A$1 = US$0.77 30 April 2020 A$1 = US$0.75 30 June 2020 A$1 = US$0.70 31 July 2020 A$1 = US$0.74 31 August 2020 A$1 = US$0.78 Required Prepare the journal entries of Haven Ltd necessary to record the above transactions in its accounting records.