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Hedged Forecasted Revenue with Adjusting Entry McDonalds Corporation forecases that it will receive f5,000,000 in franchise revenwes in 6 months. To lock in the dollar value of these revenues, on October 10,2022 , it enters a forward sale contract to deliver f 5,000,000 to a broker at a rate of 11,419/L on Apria 10, 2023. On Apeil 10,2023, McDonalds receives 15.000.000 in payinent from the franchiseet, records the revenue as eamed, and sells the currency using the forward contract. McDonalds Corporationis accounting year ends. December 31 . Fielevant exchange rates are Pieguired Prepare the journal entries made by MeDonald's in 2022 and 2023 , including its December 31.2022 adfusting entries. Reguanted Prepare the journal entries made by McDonald's in 2022 and 2023 , including its December 31,2022 , adjusting entries. Hedged Forecasted Revenue with Adjusting Entry McDonalds Corporation forecases that it will receive f5,000,000 in franchise revenwes in 6 months. To lock in the dollar value of these revenues, on October 10,2022 , it enters a forward sale contract to deliver f 5,000,000 to a broker at a rate of 11,419/L on Apria 10, 2023. On Apeil 10,2023, McDonalds receives 15.000.000 in payinent from the franchiseet, records the revenue as eamed, and sells the currency using the forward contract. McDonalds Corporationis accounting year ends. December 31 . Fielevant exchange rates are Pieguired Prepare the journal entries made by MeDonald's in 2022 and 2023 , including its December 31.2022 adfusting entries. Reguanted Prepare the journal entries made by McDonald's in 2022 and 2023 , including its December 31,2022 , adjusting entries

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