A U.S. company sells goods to a customer in Canada on October 20, 2017, at a price of CS1,000,000. The company receives payment from the customer, in Canadian dollars, on February 1, 2018. The company immediately exchanges the Canadian dollars for U.S. dollars. The U.S. company has a December 31 year-end. Spot rates ($/C$) are as follows: Spot Rate October 20, 2017 $0.76 December 31, 2017 0.79 February 1, 2018 0.78 Required Prepare the U.S. company's journal entries to record these events.