Hedged Sale Commitment and Exposed Asset Position, with Adjusting Entries On December 10, 2023, Fobin Franchises, a U.5. company, received a purchsse order from a U.K. customer for delivery of merchandise on january 15, 2024. The price of the merchandise is 10,000,000, payable on March 15,2024 , in pounds. To hedge its exposure to exchange rate changes, on December 10,2023 , Alobin entered a forward contract for delivery of E10,000,000 to the broker on March 15, 2024. The merchandise was delivered as scheduled. On March 15, 2024, Robin recehed payment from the customer, and ielivered the pounds to the broker to close the forward contrach Plobin's accounting year ends December 31 . Exchange rates (5/2) are as follows: Requined Piepare the journal eaties Robin Franchises made on january i5, 2024 and March 15 , 2024 to record the above vansactions, as well as its end-ofyear adjusting entrieson 0tecember 31,2023 Hedged Sale Commitment and Exposed Asset Position, with Adjusti On December 10, 2023, Robin Franchises, a U.S. company, received a pu merchandise is 10,000,000, payable on March 15,2024 , in pounds. To h delivery of 10,000,000 to the broker on March 15,2024 . The merchandi the pounds to the broker to close the forward contract. Robin's accountir Required Prepare the journal entries Robin Franchises made on January 15, 2024 at 31,2023. Required Prepare the journal entries Robin Franchises made on January 15, 2024 and March 15, 2024 to record the above tr Hedged Sale Commitment and Exposed Asset Position, with Adjusting Entries On December 10, 2023, Fobin Franchises, a U.5. company, received a purchsse order from a U.K. customer for delivery of merchandise on january 15, 2024. The price of the merchandise is 10,000,000, payable on March 15,2024 , in pounds. To hedge its exposure to exchange rate changes, on December 10,2023 , Alobin entered a forward contract for delivery of E10,000,000 to the broker on March 15, 2024. The merchandise was delivered as scheduled. On March 15, 2024, Robin recehed payment from the customer, and ielivered the pounds to the broker to close the forward contrach Plobin's accounting year ends December 31 . Exchange rates (5/2) are as follows: Requined Piepare the journal eaties Robin Franchises made on january i5, 2024 and March 15 , 2024 to record the above vansactions, as well as its end-ofyear adjusting entrieson 0tecember 31,2023 Hedged Sale Commitment and Exposed Asset Position, with Adjusti On December 10, 2023, Robin Franchises, a U.S. company, received a pu merchandise is 10,000,000, payable on March 15,2024 , in pounds. To h delivery of 10,000,000 to the broker on March 15,2024 . The merchandi the pounds to the broker to close the forward contract. Robin's accountir Required Prepare the journal entries Robin Franchises made on January 15, 2024 at 31,2023. Required Prepare the journal entries Robin Franchises made on January 15, 2024 and March 15, 2024 to record the above tr
