Denominated sales transaction entries A U.S. company Abe Inc. sold its inventory to Poul SA for $20,000, and to Brit Ltd. for 20,000 euros on December 10, 2013 when the spot rate for euros is $0.723. Abe closed its books on December 31, 2014, when the spot rate for euro is $0.718, and collected the amount from the sale on January 10, 2014, when the spot rate for euro is $0.730. REQUIRED: Prepare all necessary journal entries to account for the transactions above