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Leigh of New York sells its products to customers in the United States and the United Kingdom. On December 16, 2019, Leigh sold merchandise on
Leigh of New York sells its products to customers in the United States and the United Kingdom. On December 16, 2019, Leigh sold merchandise on credit to Bronson Ltd. of London at a price of 23,000 pounds. The exchange rate on that day for 1 was $2.0333. On December 31, 2019, when Leigh prepared its financial statements, the rate was 1 for $2.0272. Bronson paid its bill in full on January 15, 2020, at which time the exchange rate was 1 for $2.0292. Leigh immediately exchanged the 23,000 pounds for US dollars. Prepare Leigh's journal entries on December 16, December 31, and January 15 (Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 2 3 > On December 16, 2019, Leigh sold merchandise on credit to Bronson Ltd. of London at a price of 23,000 pounds. The exchange rate on that day for 1 was $2.0333 Note: Enter debits before credits. Date General Journal Debit Credit Dec 16, 2019 Record entry Clear entry View general journal
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