Peerless Corporation (a U.S.-based company) made a sale to a foreign customer on September 15,...
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Peerless Corporation (a U.S.-based company) made a sale to a foreign customer on September 15, for 111,000 crowns. It received payment on October 15. The following exchange rates for 1 crown apply: U.S. Date Dollar per Crown $0.59 0.64 0.62 September 15 September 30 October 15 Prepare all journal entries for Peerless Corporation in connection with this export sale, assuming that the company closes its books on September 30 to prepare interim financial statements. (If no entry is required for a transaction/event, select " No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry for receipt of payment. Note: Enter debits before credits. General Journal Debit Credit Date 10/15 Record entry Clear entry View general journal
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