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Peerless Corporation (a U.S.based company) made a sale to a foreign customer on September 15, for 109,000 crowns, it received payment on october 15. The

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Peerless Corporation (a U.S.based company) made a sale to a foreign customer on September 15, for 109,000 crowns, it received payment on october 15. The following exchange rotes for 1 crown apply: Prepare allournal entries for Peerless Corporation in connection with this export sale, assuming that the company closes its books on September 30 to prepare interim financial statements. (If no entry is required for a transaction/event, select " No journal entry required" in the first account field.) Journal entry worksheet 4 Fotet Enlel debls bufore credits. Journal entry worksheet Record the entry for changes in the exchange rate. Note: Enter debits before credits. Journal entry worksheet 1 Record the entry for receipt of payment. Note: Enter debits before credits. Journal entry worksheet Record the entry for changes in the exchange rate. Note: Enter debits before credits

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