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4 points Bright Corporation is a U.S. Company made sale for British customer on 1, October 2020 for 100,000. The payment received on 1, February
4 points Bright Corporation is a U.S. Company made sale for British customer on 1, October 2020 for 100,000. The payment received on 1, February 2021. The following exchange rates for sterling pound apply: 1, October 2020 $0.90 31, December 2020 $0.92 1, February 2021 50.88 Required: All journal entries for Bright in connection of this sale, assuming that the end of accounting period is 31. December every year. (4 Marks)
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