please for this question i kindly request full organized answers for part 1 and 2

Question (1): (10 marks) On December 1, 2007, a US firm sold 100 units of inventory to a French firm for 100,000 to be received on March 1, 2008. the firm's fiscal year-end is December 31. The spot rates for euros at various times are as follows: Instructions: 1. Prepare the journal entry(ies) to record the transactions in the US firm. 2. How much is the balance of Account receivables (or Accounts payable) on 31 December 2007