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Assume the following spot exchange rates between the British pound sterling and the US dollar. March 1 1.8685 March 31 1.8258 April 30 1.7740 On

Assume the following spot exchange rates between the British pound sterling and the US dollar.

March 1 1.8685

March 31 1.8258

April 30 1.7740

On March 1, XYZ Co. sells goods to an US Company importer for $1000,000. Payment is to be receiced on April 30. What are the journal entries for XYZ on March 1, March 31, and April 30?

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