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1 Peerless Corporation (a U.S.-based company) made a sale to a foreign customer on September 15, for 125,000 crowns. It received payment on October 15.
1 Peerless Corporation (a U.S.-based company) made a sale to a foreign customer on September 15, for 125,000 crowns. It received payment on October 15. The following exchange rates for 1 crown apply: 12 points Date U.S. Dollar per Crown $0.61 0.65 0.60 8 04:14:18 September 15 September 30 October 15 eBook Prepare all journal entries for Peerless Corporation in connection with this export sale, assuming that the company closes its books on September 30 to prepare interim financial statements. (If no entry is required for a transaction/event, select " No journal entry required" in the first account field.) Ask View transaction list Print Journal entry worksheet References 1 2 3 4 > Record the entry for sales on credit. Note: Enter debits before credits. Date Debit Credit General Journal Accounts receivable (crowns) 09/15 68.930 Mc Graw Hill
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