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Garden Grove Corporation made a sale to a foreign customer on September 1 5 , Year 1 , for 1 0 0 , 0 0
Garden Grove Corporation made a sale to a foreign customer on September Year for
foreign currency units FCU Payment was received on October Year The following exchange
rates apply:
Required:
Prepare all journal entries for Garden Grove Corporation in connection with this sale, assuming that
the company closes its books on September to prepare interim financial statements.
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