Chocolate De-lites imports and exports chocolate delicacies. Some transactions are denominated in U.S. dollars and others in foreign currencies. A summary of accounts receivable and accounts payable on December 31, 20X6, before adjustments for the effects of changes in exchange rates during 20x6, follows: Accounts recoivable: In U.S. dollars In 475,000 Egyptian pounds (EE) $ 73,600 $164,000 Accounts payable: In U.S. dollars In 21,000,000 yon S 86.000 $175.300 The spot rates on December 31, 20X6, were E1 = $0.1 76 1$0.0081 The average exchange rates during the collection and payment period in 20X7 are E1 S0.18 1 = $0.0078 Required a. Prepare the adjusting entries on December 31, 20x6. (f no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry to adjust the receivable denominated in Egyptian pounds to the U.S. dollar equivalent. Note: Enter debits before credits Date Debit Credit Dec 31