Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Not yet answered Marked out of 1.00 8 The U.S Company, In the month of January 15 sold machinery on account to a retailer Australia.
Not yet answered Marked out of 1.00 8 The U.S Company, In the month of January 15 sold machinery on account to a retailer Australia. The invoice price was 250,000 US dollars and the exchange rate for the Australia dollar was $0.576 Select one a. Cash A/c Dr 144,000$ 144,000$ Sales A/c Cr b. Accounts Receivable 250,000$ Sales 250,000$ c. Accounts receivable A/c Dr 144,000$ Sales A/c Cr 144.000$ :Select one a. Cash A/c Dr 144,000$ 144,000$ Sales A/c Cr b. Accounts Receivable 250,000$ Sales 250,000$ 144,000$ c. Accounts receivable A/c Dr Sales A/c Cr 144,000$ d. Cash A/c Dr 250,000$ 250,000$ Sales A/c Cr
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started