Ignore taxes and GST. AUD is the functional currency. The perpetual inventory system is used. Adjusting entries are prepared annually at the end of financial year (June 30). On Jun 25, Retailer Co. sold inventory on account for CAD 7,600, cost AUD5,000. [Spot rate: AUD 1 = CAD 0.95] On Jun 30, Retailer Co. still had not received the payment from the customer. [Spot rate: AUD 1 = CAD 0.93] Which of the following statements is TRUE for Retailer Co.?

A) On Jun 25, Retailer Co. must Cr Sales Revenue for $7,220. B) Gross profit from the sale on June 25 = AUD 2,600. C) On Jun 30, Retailer Co. must Dr Accounts Receivable $152. D) None of the answers given is correct.