Quatian 3 Not complete Marked out of 12.50P Flog question Forward exchange contract designated as a fair value hedge of a foreign-currency-denominated accounts receivable, weakening \$US December 31,2021 , and January 15, 2022. When computing fair values, ignore discounting. For settlement on January 15, 2022 " Ignore discounting in the computation of fair values. Note: If no entry is required, select "No entry" as your answers under Description and leave the debit and credit answers blank (zero). Hedged Transaction bignore discounting in the computation of fair values. a. Prepare the joumal entries to record the sale and all adjustments required for the accounts receivable and forward contract at October 15 , 2021, December 31 , 2021, and january 15. 2022. Note: If no entry is required, select "No entry" as your answers under Description and leave the debit and credit answers blank (zero). Hedged Transaction b. Reconcile to the forward rate at the forward contract's inception the net cash received for both the sectlement of the recelvable and the setlement of the forward-contract derivative Net cash received from settiement of the receivable und forward-contract derivative is: b. Reconcile to the forward rate at the forward contract's inception the net cash rereived for both the settlement of the receivable and the settlement of the forward-contract derivative Net cash received from settiement of the receivable and tonward-contract derivative is: c. Wilat amount of sales was recognized in the quarter ending December 31,2021 ? What amouri of sales was recogrized in the quarter enuing March 31,2022 ? What is the total amount of sales recognized across the quarters ending December 31, 2021, and March 31, 2022 ? Quatian 3 Not complete Marked out of 12.50P Flog question Forward exchange contract designated as a fair value hedge of a foreign-currency-denominated accounts receivable, weakening \$US December 31,2021 , and January 15, 2022. When computing fair values, ignore discounting. For settlement on January 15, 2022 " Ignore discounting in the computation of fair values. Note: If no entry is required, select "No entry" as your answers under Description and leave the debit and credit answers blank (zero). Hedged Transaction bignore discounting in the computation of fair values. a. Prepare the joumal entries to record the sale and all adjustments required for the accounts receivable and forward contract at October 15 , 2021, December 31 , 2021, and january 15. 2022. Note: If no entry is required, select "No entry" as your answers under Description and leave the debit and credit answers blank (zero). Hedged Transaction b. Reconcile to the forward rate at the forward contract's inception the net cash received for both the sectlement of the recelvable and the setlement of the forward-contract derivative Net cash received from settiement of the receivable und forward-contract derivative is: b. Reconcile to the forward rate at the forward contract's inception the net cash rereived for both the settlement of the receivable and the settlement of the forward-contract derivative Net cash received from settiement of the receivable and tonward-contract derivative is: c. Wilat amount of sales was recognized in the quarter ending December 31,2021 ? What amouri of sales was recogrized in the quarter enuing March 31,2022 ? What is the total amount of sales recognized across the quarters ending December 31, 2021, and March 31, 2022
