Idol winner Gubat Company of PH sold merchandise to Danielle Romanoff Company of US. for 10,000 USD. On June 1, 2020 after the confirmation of a letter of credit, Gubat shipped the merchandise to US when the indirect exchange rate is USD 0.017699115/PHP. On December 31,2020 the FS of Gubat shows a receivable from Romanoff in the amount of PHP 574,000. On January 10, 2021 Gubat collected the amount when the indirect exchange rate is 0.017605633. What is the entry related to the receivables on 1/10/21? SHOW SOLUTION