on june 2018, company a sells a mining equipment to a foreign company with the corresponding receivable to be paid on july 1 of the same year.the equipment has a selling price of $150,000 and a cost of $135,000.on june 1,the foreign currency is worth $1.35. company a uses the perpetual inventory system.

Requirement:prepare all necessary journal entries to record the sale and purchase respectively on the book of the both companies under the following assumptions.

A.The transaction is denominated in dollars.

B.The transaction is denominated in foreign currency.