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an upvote will be given show all working out ASAP (b) During 203, Highlight entered lito a number of transacuons wum Eraser, an overseas customer.

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an upvote will be given
show all working out
ASAP
(b) During 203, Highlight entered lito a number of transacuons wum Eraser, an overseas customer. On 1 November 203, Highlight made credit sales to Eraser on 3 months credit for Dn 360,000 . On 1 December 203, Highlight made further credit sales to Eraser on 3 months credit for Dn540,000. By 31 December 20X3, Highlight had received no payment from Eraser. As the receivables were still within their credit period, they were not regarded as being impaired. Relevant exchange rates to $1 are as follows: 1 July 20x3 1 November 20X3 1 December 203 31 December 203 Required: Prepare relevant extracts from Highlight's financial statements for the year ended 31 December 20x3 to illustrate the impact of the above transactions

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