Question
Dacha Co made a sale to a foreign customer on September 15, Year1, for 100,000 foreign currency units (FCU). Payment was received on October 15,
Dacha Co made a sale to a foreign customer on September 15, Year1, for 100,000 foreign currency units (FCU).
Payment was received on October 15, Year 1. The following exchange rates apply:
| Date | US Dollar per FCU |
| September 15, Year 1 | $0.4 |
| September 30, Year 1 | 0.42 |
| October 15, Year 1 | 0.37 |
Required:
Prepare all journal entries for Dacha Co in connection with this sale assuming that the company closes its books on September, 30 to prepare interim financial statements. Use Excel.
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes, Jack E. Miller
4th Edition
0471694177, 978-0471694175
