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2... Ben Company, a U.S. firm, sold & shipped some of its inventory to Edinburgo Company, a company based in Scotland, on November 27, 2014

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2... Ben Company, a U.S. firm, sold & shipped some of its inventory to Edinburgo Company, a company based in Scotland, on November 27, 2014 when the local currency unit (the pound Sterling. "GBP") was trading at 1.64(U.S. Dollars). The sales agreement called for Edinburgo to pay 140,000 GBP on January 26, 2015. Additiona exchange rates are shown below: December 31, 2014 1.71 (U.S. Dollars) 1.72 (U.S. January 26, 2015 Dollars) Required: Show all related journal entries for Ben Company no pays 1610,000 GBP Jan 26

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