q 17 please

Sen, wear Sell, stronger Buy, stronger O Buy, weaker QUESTION 17 On Oct 1, ABC Corp sold equipment to John Sales Corp for 80,000 UK Pounds. Payment will be received on Jan 5. On Oct 1, ABC Corp also entered into a forward contract to buy/sell 80,000 Pounds at an exchange rate of $1.28. The spot rate on Oct 1 was $1.32. What is the journal entry to record the forward contract on Oct 12 O Debit FC Receivable $102,400 and credit Dollars Payable $102,400 O Debit Dollars receivable $102,400 and credit FC Payable $102,400 O Debit FC Receivable $105,600 and credit Dollars Payable $105,600 O Debit Dollars receivable $105,600 and credit FC Payable $105,600 ICSTION 18 In he answered based on Problem 3. Aril 15, 2016. The inventory will be delivered and the Euros