Question 2. Sale to foreign customers(40 point)

-On December 1, 2017, Daisy Inc., a Vietnamese Company, makes sales and ships goods to Rose Inc., a U.S dollar.

-Sales price is 5,000 U.S dollars

-Rose Inc. agrees to pay in U.S dollars by bank account on February 1, 2018

-Spot rate as of December 1, 2017 is 22,730 VND per U.S dollar

-Spot rate as of December 31, 2017 is 22,720 VND per U.S dollar

-Spot rate as of February 1, 2018, is 22,740 VND per U.S dollar

-Daisy Inc. has a December 31-year end.

Requirements :

1. How Daisy Inc. records the sale ( in VND) on December 1, 2017?
2. How Daisy Inc. records the journal entry on December 31, 2017?

3. How Daisy Inc. records the journal entry on February 1, 2018?