On November 1, 20X3, the Penguin Corporation, a US corporation, sold a machine to Shearwater Corporation, a UK company. The selling price was $15,360 (9,600) and Shearwater agreed to pay in pounds on February 1, 20X4. Both corporations are on a calendar year accounting period. Assume that the spot rates for the British pound on November 1, 20X3: $1.60 December 31, 20X3: $1.63 February 1, 20X4: $1.58 Required: 1- Record the transactions in the General Journals of Penguin Corporation on the dates below: Date General Journals Entries 1/11/20x3 31/12/20x3 1/02/20x4