Transcribed image text : P Company had the following transactions with foreign businesses: Date July 15, 2021 July 20, 2021 July 30, 2021 Nature of Transaction Sold merchandise for 50,000 pesos Received 20% payment Received remaining amount owed Billing Currency Pesos Exchange Rate (Direct) $.70 .71 .66 Required: Prepare the journal entries required for each of the three dates above. You can assume that P Company's year-end is December 31