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Mozzie Ltd has a functional currency of A$. On 1 April 2023 , Mozzie Ltd sells goods to a customer on credit terms for US$100
Mozzie Ltd has a functional currency of A\$. On 1 April 2023 , Mozzie Ltd sells goods to a customer on credit terms for US\$100 000. On 1 August 2023, cash is received from the customer to settle the invoice Exchange rates are: 1 April 2023 US\$1.00 = A\$1.30 30 June 2023 US\$1.00 = A\$1.50 1 August 2023 US\$1.00 = A$1.40 What is the journal entry to record the sale transaction on 1 April 2023
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