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Show All Work !!!!!! Mian sells American gourmet foods to merchandisers in Singapore. Prepare the journal entries for Mian to record the following transactions. Include

Show All Work !!!!!!

Mian sells American gourmet foods to merchandisers in Singapore. Prepare the journal entries for Mian to record the following transactions. Include any year-end adjustments.

Dec 20 - Sold items to Solingen, Inc., for 60,000 Singapore dollars. The exchange rate was $0.476 per Singapore dollar.

The purchase terms were n/30.

Dec 31 - The exchange rate was $0.480 per Singapore dollar.

Jan 17 - Received payment from Solingen for the December 20 sale. The exchange rate was $0.495 per Singapore dollar.

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