please help with journal entry worksheets A1-A4 b1-b4

Icebreaker Company (a U.S.-based company) sells parts to a foreign customer on December 1,2020 , with payment of 16,000 dinars to be received on March 1, 2021. Icebreaker enters into a forward contract on December 1,2020 , to sell 16,000 dinars on March 1, 2021. The forward points on the forward contract are excluded in assessing hedge effectiveness and are amortized to net income using a straight-line method on a monthly basis. Relevant exchange rates for the dinar on various dates are as follows: Icebreaker must close its books and prepare financial statements at December 31. a-1. Assuming that Icebreaker designates the forward contract as a cash flow hedge of a foreign currency receivable, prepare journal entries for the sale and foreign currency forward contract in U.S. dollars. a-2. What is the impact on 2020 net income? a-3. What is the impact on 2021 net income? a-4. What is the impact on net income over the two accounting periods? b-1 Assuming that Icebreaker designates the forward contract as a fair value hedge of a foreign currency receivable, prepare journal entries for the sale and foreign currency forward contract in U.S. dollars. b-2 What is the impact on 2020 net income? b-3 What is the impact on 2021 net income? b-4 What is the impact on net income over the two accounting periods? Assuming that Icebreaker designates the forward contract as a cash flow hedge of a foreign currency receivable, prepare journal for the sale and foreign currency forward contract in U.S. dollars. (If no entry is required for a transaction/event, select "No journa required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet Record the sales and foreign currency account receivable. Note: Enter debits before credits. a-2. What is the impact on 2020 net income? a-3. What is the impact on 2021 net income? a-4. What is the impact on net income over the two accounting periods? (Do not round intermediate calculations. Negative amounts should be entered with a minus sign.) Assuming that Icebreaker designates the forward contract as a fair value hedge of a foreign currency receivable, prepare jou for the sale and foreign currency forward contract in U.S. dollars. (If no entry is required for a transaction/event, select "No required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet Record the sales and foreign currency account receivable. Note: Enter debits before credits. b-2. What is the impact on 2020 net income? b-3. What is the impact on 2021 net income? b-4. What is the impact on net income over the two accounting periods? (Do not round intermediate calculations. Negative amounts should be entered with a minus sig Icebreaker Company (a U.S.-based company) sells parts to a foreign customer on December 1,2020 , with payment of 16,000 dinars to be received on March 1, 2021. Icebreaker enters into a forward contract on December 1,2020 , to sell 16,000 dinars on March 1, 2021. The forward points on the forward contract are excluded in assessing hedge effectiveness and are amortized to net income using a straight-line method on a monthly basis. Relevant exchange rates for the dinar on various dates are as follows: Icebreaker must close its books and prepare financial statements at December 31. a-1. Assuming that Icebreaker designates the forward contract as a cash flow hedge of a foreign currency receivable, prepare journal entries for the sale and foreign currency forward contract in U.S. dollars. a-2. What is the impact on 2020 net income? a-3. What is the impact on 2021 net income? a-4. What is the impact on net income over the two accounting periods? b-1 Assuming that Icebreaker designates the forward contract as a fair value hedge of a foreign currency receivable, prepare journal entries for the sale and foreign currency forward contract in U.S. dollars. b-2 What is the impact on 2020 net income? b-3 What is the impact on 2021 net income? b-4 What is the impact on net income over the two accounting periods? Assuming that Icebreaker designates the forward contract as a cash flow hedge of a foreign currency receivable, prepare journal for the sale and foreign currency forward contract in U.S. dollars. (If no entry is required for a transaction/event, select "No journa required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet Record the sales and foreign currency account receivable. Note: Enter debits before credits. a-2. What is the impact on 2020 net income? a-3. What is the impact on 2021 net income? a-4. What is the impact on net income over the two accounting periods? (Do not round intermediate calculations. Negative amounts should be entered with a minus sign.) Assuming that Icebreaker designates the forward contract as a fair value hedge of a foreign currency receivable, prepare jou for the sale and foreign currency forward contract in U.S. dollars. (If no entry is required for a transaction/event, select "No required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet Record the sales and foreign currency account receivable. Note: Enter debits before credits. b-2. What is the impact on 2020 net income? b-3. What is the impact on 2021 net income? b-4. What is the impact on net income over the two accounting periods? (Do not round intermediate calculations. Negative amounts should be entered with a minus sig