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Peerless Corporation ( a U . S . - based company ) made a sale to a foreign customer on September 1 5 , for
Peerless Corporation a USbased company made a sale to a foreign
customer on September for crowns. It received payment on
October The following exchange rates for crown apply:
Required:
Prepare all journal entries for Peerless Corporation in connection with this export sale, assuming that the company closes its books on September to
prepare interim financial statements.
Note: If no entry is required for a transactionevent select No Journal Entry
Required" in the first account field
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