On December 1, year1, Pop Copration( U.S company)sold inventory to Java A.M. inc. on credit. ?Java A.M will pay Pop corp. 10,000 eruos in 90days. Pop Corp has a December 31 year-end. The following rates are known: ?December 1 spot rate: 1USD=1.24 euros ?December 1, 90 day forward rat: 1 USD=1.4 euros ?December 31, spot rate: 1 USD= 1.20 euros ?December 31, 60-day forward rate: 1 USU=1.3 euros ?Prepare Sony Coro. jounral entries, December 1, December 31. March 1st.

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