Dot, a U.S. company, sold inventory items on account to Roa of Great Britain for 200,000 on May 1, 2016, when the spot rate was 0.7000 pounds. The invoice was paid by Roa on May 30, 2016, when the spot rate was 0.7050 pounds. REQUIRED: Prepare Dot s journal entries for the sale to Roa on May 1 and receipt of the 200,000 on May 30. Ignore Cost of Goods Sold.

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