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suppose that on July 1, 2020, Uncle Sam , inc, A US company , makes a sale and ships goods to pyramids , LLC, an

suppose that on July 1, 2020, Uncle Sam , inc, A US company , makes a sale and ships goods to pyramids , LLC, an Egyptian Customer ,for 500,000 usd.

However, it is agreed that pyramids will pay in EGP (Egyptian pounds ) on September 1, 2020. The Exchange (Spot) rate as of July 1, 2020 is 16.15 EGP to the USD

A: How many EGP does Pyramids Agree to pay

B: Record the Entry in pyramid"s Books
1. Suppose that on July 1, 2020, Uncle Sam, Inc., a US company, makes a sale and ships goods to Pyramids, LLC, an Egyptian customer, for $500,000. However, it is agreed that Pyramids will pay in EGP (Egyptian pounds) on September 1, 2020. The exchange (spot) rate as of July 1, 2020 is 16.15 pounds to the dollar. a. How many pounds does Pyramids agree to pay? b. Record the entry in Pyramids' books

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