● REC12File5.eA14Undo144567815AutoSave On16171819Home InsertXAPasteClipboardvBNew Microsoft Excel Worksheet.xlsx Saved vDrawCalibri• Α Α΄BI UEA.XV fxCPage Layout Formulas Data ReviewA A MD✓11Font10-Apr CAD 1=0.842 USD01-May CAD 1=0.849 USD01-Jun CAD 1=0.817 USD10-Jun CAD 1=0.820 USDENF三三三GView HelpAlignmentO Search (Alt+Q)H3 A manufacturing company in Canada sold its products to a customer in USA.4 On April 10th it sold $225,000 CDN worth of goods to its customer, with payment date as Jun10th.56 the exchange rates on78910111213 Prepare journal entries on April 10, May 01, June 01, June 10.ab面1√General$%9Number

INTRODUCTION According to IAS 21, "The Effects of Changes in Foreign Exchange Rates", Foreign…

A manufacturing company in Canada sold its products to a customer in USA. On April 10th it sold $225,000 CDN worth of goods to its customer, with payment date as Jun10th. the exchange rates on 10-Apr CAD 1=0.842 USD 01-May CAD 1=0.849 USD 01-Jun CAD 1=0.817 USD 10-Jun CAD 1=0.820 USD s Prepare journal entries on April 10, May 01, June 01, June 10.

A manufacturing company in Canada sold its products to a customer in USA. On April 10th it sold $225,000 CDN worth of goods to its customer, with payment date as Jun10th. the exchange rates on 10-Apr CAD 1=0.842 USD 01-May CAD 1=0.849 USD 01-Jun CAD 1=0.817 USD 10-Jun CAD 1=0.820 USD s Prepare journal entries on April 10, May 01, June 01, June 10.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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