Lerin Corp. had the following transactions in 20X1:

a. Sold goods on 3 January to a U.S. customer for US$406,000 with terms 2/10, n/30.

b. Received full payment for the 3 January sale on January 30.

c. Sold goods on 15 February to a U.S. customer for US$356,000 with terms 1/15, n/30.

d. Received full payment for the 15 February sale on 5 March.

e. Sold goods on April 5 to a U.S. customer for US$206,000 with terms 2/10, n/30.

Lerin Corp. has a 30 April year-end.

Canadian Equivalencies	US$
3 January		1.06
30 January		1.04
15 February		1.05
15 March		1.04
5 April		1.06
30 April		1.09

Prepare journal entries for the above transactions including any adjustment needed at year-end.

Journal entry's

A: Record the goods sold on 3 January to a U.S. customer for US$406,000 with terms 2/10, n/30.

B: Record the full payment received for the 3 January sale on January 30.

C: Record the goods sold on 15 February to a U.S. customer for US$356,000 with terms 1/15, n/30.

D:Record the full payment received for the 15 February sale on 5 March.

E: Record the goods sold on April 5 to a U.S. customer for US$206,000 with terms 2/10, n/30.