Use this template to record journal entries to record the foreign currency intercompany transaction and relate Remember, NONE of the entries have been recorded in the financial statements (not even the original sale en related to foreign currency hedging (particularly the example video) to help you solve this problem. TechSmart Journal Entries: Date Account name* Debit Credit Notes 11/10/Y1 Sales To record the sale (ignore 11/10/Y1 Accounts receivable To record the hedge 12/31/Y1 Foreign exchange gain/loss To record the asset at FV 12/31/Y1 Forward contract asset/liability To record the hedge instr *Suggested account names: Inputs needed for journal entry amounts: Accounts receivable - Yuan *Record change in market value of A/R Sales Updated value of A/R, 12/31/Y1: Foreign exchange gain/loss - NI Change: Forward contract asset/liability * *Record forward contract at market value Change in forward contract FV: "Note that no amortization is required for this forward contract because the spot rate and exchange rates are