Alman Company sold pharmaceuticals to a Swedish company for 200,000 kronor (SKr) on April 20, with settlement to be in 60 days. On the same date, Alman entered into a 60-day forward contract to sell 200,000 SKr at a forward rate of 1 SKr $0.167 in order to manage its exposed foreign currency receivable. The forward contract is not designated as a hedge. The spot rates were April 201 June 19 SKr 1 $0.170 SKr 1 $0.165 Required: a. Prepare all necessary entries related to the foreign transaction and the forward contract. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 2 3 4 5 6 7 Record the sales on account. Note: Enter debits before credits. Date April 20 General Journal Debit Credit