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 150,000 Danish kroner (Dkr) on June 6, when the exchang 1=$01740. Collection was made on July 3 when the rate was Dkr 1=$0.1743. 2. On July 22. Tex sold copper fittings to a company in London for 38,000 with payment due on September 20 . Also, on entered into a 60 -day forward contract to sell 38,000 at a forward rate of 1=$1,630. The forward contract is not desi hedge. The spot rates follow: July 22 September 20 11=$1.580=$1.612 3. Tex sold storage devices to a Canadian firm for C\$72,000 (Canadian dollars) on October 11, with payment due on Noven October 11. Tex entered into a 30-day forward contract to sell Canadian dollars at a forward rate of C $1=$0.730. The for contract is not designated as a hedge. The spot rates were as follows: October11November10c$1=$0.735C$1=$0.732 Required: Prepare Journal entries to record Tex's foreign sales of its products, use of forward contracts, and settlements of the receivabi Complete this question by entering your answers in the tabs below. Prepare journal entries to record Tex's foreign sales of its products, use of forward contracts, and settlements of the receivables. Note: If no entry is required for a transaction/event, select "No fournal entry required" in the first account field. Prepare journal entries to record Tex's foreign sales of its products, use of forward contracts, and settlements of the receivables. Note: If no entry is required for a transaction/event, select "No joumat entry required" in the first account field. Journal entry worksheet