Tank Corporation, a U.S. manufacturer, has a June 30 fiscal year end. Tank sold goods to their customer in Columbia on May 27, 2014 for 18,000,000 Columbian pesos. The customer agreed to pay pesos in 60 days. When the customer wired the funds to Tank on July 26, Tank held them in their bank account until July 31 before selling them and converting them to U.S. dollars. The following exchange rates apply:

May 27 $0.00055

June 30 $0.00052

July 26 $0.00058

July 31 $0.00056

Required:

Record the journal entries related to the dates listed above. If no entry is required, state "no entry."