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 160.000 Danish kroner (Dkr) on June 6, when the exchange rate was Dkr 1 = $0.1790. Collection was made on July 3 when the rate was Dkr 1 = $0.1793. 2. On July 22, Tex sold copper fittings to a company in London for 37,000 with payment due on September 20. Also, on July 22, Tex entered into a 60-day forward contract to sell 37,000 at a forward rate of 1 - $1.630. The forward contract is not designated as a hedge. The spot rates follow: July 22 September 20 1 = $1.580 E1 - $1.612 3. Tex sold storage devices to a Canadian firm for $78,000 (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 = $0.730. The forward contract is not designated as a hedge. The spot rates were as follows: October 11 November 10 C$1 - $0.735 C$1 - $0.732 Required: Prepare journal entries to record Tex's 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.) 1 View transaction list Journal entry worksheet 2 3 Record the entry to collect the accounts receivable in Danish kroner. Note: Enter debits before credits Date General Journal Debit Credit July 03 Record entry Clear entry View general journal