Tex Hardware sells many of its products overseas. The following are some selected transactions.

1.	Tex sold electronic subassemblies to a firm in Denmark for 130,000 Danish kroner (Dkr) on June 6, when the exchange rate was Dkr 1 = $0.1795. Collection was made on July 3 when the rate was Dkr 1 = $0.1798.
2.	On July 22, Tex sold copper fittings to a company in London for 33,000 with payment due on September 20. Also, on July 22, Tex entered into a 60-day forward contract to sell 33,000 at a forward rate of 1 = $1.63. The spot rates follow:

July 22	1	=	$	1.580
September 20	1	=	$	1.612

3.

Tex sold storage devices to a Canadian firm for C$71,000 (Canadian dollars) on October 11, with payment due on November 10. On October 11, Tex entered into a 30-day forward contract to sell Canadian dollars at a forward rate of C$1 = $0.73. The forward contract is not designated as a hedge. The spot rates were as follows:

October 11	C$1	=	$	0.735
November 10	C$1	=	$	0.732

Required:

Prepare journal entries to record Texs foreign sales of its products, use of forward contracts, and settlements of the receivables. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)