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Peerless Corporation ( a U . S - based company ) mbde s sale to a foreign customer on September is , for soo .

Peerless Corporation (a U.S-based company) mbde s sale to a foreign customer on September is, for soo.000 crowns. It received
payment on October 15. The following exchange rates for 1 crown apply:
Prepare all joumbl entries for Peerless Corporation in connection with this export sole, assuming that the company closes its books on
Seplember 30 to prepare interim financial sumentents.
Note: If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account fleld.
1 Record the entry for sales on credit.
2 Record the entry for changes in the exchange rate.
3 Record the entry for changes in the exchange rate.
4 Record the entry for receipt of payment.
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