Tex Hardware sells many of its products overseas. The following are some selected transactions 1. Tex sold electronic subassembles to a firm in Denmark for 190 000 Danish Kroner (Dkn on June 6 when the exchange rate was Dkr 1 + $0.1705. Collection was made on July 3 when the rate was Dkr 1 - s01708 2. On July 22, Tex sold copper fittings to a company in London for 40.000 with payment due on September 20 Also on July 22. Tex entered into a 60-day forward contract to sell 40,000 at o forward rate of 1 - 51630. The forward contract is not designated as a hedge. The spot rates follow: July 22 September 20 1 - $1.560 $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 Hovember 10 ($1$0.735 051 - $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.) Journal entry worksheet Record the entry to revalue the foreign currency receivable to the U.S. dollar equivalent value. Note: Enter debits before credits, General Journal Debit Date July 03 Credit Record entry Clear entry View general Journal Journal entry worksheet Record the entry to collect the accounts receivable in Danish kroner. Note: Enter debits before credits. General Journal Debit Credit Date July 03 Record entry Clear entry View general journal 1 View transaction list Journal entry worksheet 2 3 es Record the foreign sale and foreign currency receivable. Note: Enter debits before credits General Journal Date June 06 Debit Credit 2. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Record the foreign sale and foreign currency receivable. Note: Enter debits before credits. Date General Journal Debit Credit July 22 2. View transaction list Journal entry worksheet Record the entry to revalue the foreign currency receivable. Note: Enter debits before credits General Journal Date September 20 Debit Credit 2. View transaction list Journal entry worksheet Record the entry to revalue the foreign currency payable. Note: Enter debits before credits. Date General Journal Debit Credit September 20 2. View transaction list Journal entry worksheet Record the receipt of British pounds from the customer. Note: Enter debits before credits. General Journal Date September 20 Debit Credit 2. View transaction list Journal entry worksheet Record the sale to a Canadian firm denominated in Canadian dollars. Note: Enter debits before credits Date General Journal Debit Credit October 11 3. View transaction list Journal entry worksheet Record the entry for a 60-day forward contract signed to sell Canadian dollars. Note: Enter debits before credits. Date General Journal Debit Credit October 11 3. View transaction list Journal entry worksheet Record the receipt of Canadian dollars from the customer. Note: Enter debits before credits. General Journal Debit Credit Date November 10 3 . View transaction list Journal entry worksheet Record the delivery of Canadian dollars to a broker. Note: Enter debits before credits General Journal Date November 10 Debit Credit