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On March 1, 2017, a U.S. company made a credit sale requiring payment in 30 days from a Malaysian company, Hamac Sdn. Bhd., of 26,000
On March 1, 2017, a U.S. company made a credit sale requiring payment in 30 days from a Malaysian company, Hamac Sdn. Bhd., of 26,000 Malaysian ringgits. Assuming the exchange rate between Malaysian ringgits and U.S. dollars is $0.4545 on March 1 and $0.4906 on March 31, prepare the entries to record the sale on March 1 and the cash receipt on March 31. (Enter your answers in whole dollars.) View transaction list Journal entry worksheet 2 Record the sale when the exchange rate is $0.4545 Note: Enter debits before credits. Date General Journal Debit Credit Mar 01 Record entry Clear entry View general journal
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