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please i need the answer as soon as possible Question3: During December 2018 of the current year, Earmark Systems, Inc., a company based in Seattle,

please i need the answer as soon as possible

Question3: During December 2018 of the current year, Earmark Systems, Inc., a company based in Seattle, Washington, entered into the following transactions:

Inventory delivered on 12/10/2018 and 2,135,250 pesos received on 1/10/2019

Dec. 10, Sold Nine office computers to a company located in Colombia for 2,135,250 pesos. On this date, the spot rate was 365 pesos per U.S. dollar.

  1. Prepare the journal entry on the books of Earmark Systems, Inc. (periodic method)
  2. Prepare journal entry necessary to adjust the accounts as of December 31. Assume that on December 31 the direct exchange rates was Colombia peso $.00268.
  3. Prepare journal entry to record settlement of the account on January 10. Assume that the direct exchange rate on the settlement date was Colombia peso $.00320

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