Chrome .aspx?testld=256459682¢erwin-yes TO 12:20-FALL 2023 EM 2 FALL 2023 O A. SOB. O C. Cash Jackson Ltd. sold motorcycles to a company in England at a total invoice price of 240,000 pounds. On July 1, the date of sale, the exchange rate was $1.60 = 1 pound. On August 15, the payment was received when the exchange rate was $1.58= 1 pound. What is the entry for receipt of payment of the invoice? Accounts Receivable Cash Account Titles Cash Account Titles Foreign-Currency Transaction Loss Accounts Receivable Account Titles Question 12 of 12 Accounts Receivable Debit 379,200 Debit 379,200 4,800 Debit 384,000 Credit 379,200 Credit 384,000 Credit Harmanjot Singh 384,000 This test: 50 point(s) possible This question: 1 point(s) possible 11/17/23 11:56 AM Submit test Tin Remaining: 00:26:42 Subr