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On August 2, Harris sold products to a Brazilian customer for a total of R$38,636.36 to be collected on September 12 in Brazilian currency. The

On August 2, Harris sold products to a Brazilian customer for a total of R$38,636.36 to be collected on September 12 in Brazilian currency. The local unit of currency in Brazil is the real (R$). The relevant exchange rates are as follows:

August 2, 2022 R$1 = $0.2200

September 12, 2022 R$1 = $0.2000

REQUIRED:

1. Prepare all the entries necessary to record the sale of inventory and the collection of the account on September 12.

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