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Consumer Corp. had the following transactions during May 2020: May 11 May 24 May 27 May 31 Required: Sales to US customer on account, US
Consumer Corp. had the following transactions during May 2020: May 11 May 24 May 27 May 31 Required: Sales to US customer on account, US $950,000. There is no GST on the sale. US dollar was worth Cdn $1.32 on this date US customer paid US $950,000. US dollar was worth 1.29 on this date Sales to British customer on account, 560,000 Euros. There is no GST on the sale. The Euro was worth 1.72 Cdn on this date. At the end of the month when financial statements are being prepared, the Euro exchange rate was 1.83 Cdn. Prepare all the necessary journal entries for May
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