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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 15, Year 1, for 100,000
foreign currency units (FCU). Payment was received on October 15, Year 1. 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 30 to prepare interim financial statements.
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