Daisy Brands, a US company, sells items abroad. Daisy prices many of these transactions in the currency of the customer. Following are four such transactions made in the last accounting period, plus the direct exchange rates for each dates Spot rate at Spetrate Country Amount Currency sale at collection Argentina 250.000 Peso 50.056 10019 Canada 400,000 Dolar 0732 0.713 India 300,000 Pue 0316 0.018 South Africa 100.000 Rand 0074 0.077 Required Prepare the journal entries made by Daisy Brands to record the above sale and collection transactions Argentina Description Det Credit Accounts receivable 0X Sales ! O ON To record purchase of intentory Foreign OX 0 Exchange loss ON 0 McCorts receivable 0 O* To retor purtate sufficieren currency to pay suppler Ch 0. Torry D OM Setecore poflity to supp Canada Description Debit Acous recev ON bles 0 OM ordurdue of WWY O foren curry Exstant ON OW Antecewa To recorte centre 0 OM Forsi . Credit CAS Debit Credit 0 > 0 0 0X 0 0 X 0 0 X India Description Accounts receivable Sales To record purchase of inventory Foreign currency Exchange gain Accounts receivable To record purchase sufficient foreign currency to pay supplier. Cash Foreign currency To record payment of liability to supplier. South Africa Description Accounts receivable Sales To record purchase of inventory Foreign currency Exchange gain Accounts receivable To record purchase sufficient foreign currency to pay supplier. Cash Foreign currency To record payment of liability to supplier. Credit Debit OX > 0 0 0 X > > 0 X 0 0 0X 0 0 % . 0 0 X 0 OX