Answer the questions ASAP. This scenario is related to questions 1,2, and 3.An entity based in Europe with a Euro (EUR) functional currency makes a sale of US$10,000 to a customer based in the US. The sale takes place on 5 November 2018and is payable in USD on 11 January 2019. The year-end for the entity is 31 December 2018, and the customer settles the invoice on the due date. The followingexchange rates are relevant:Date and Rate (EUR 1.00 = US$)5 November 2018: 1.24431 December 2018: 1.35511 January 2019: 1.333 Q1.What are the journal entries the Europe entity should make in relation to the sale, on 5 November 2018?Select one:O A. No entry is required.O B. DR. Accounts receivableCR. Sales revenueO C.O D.DR. Accounts receivableCR. Sales revenueDR. Accounts receivableCR. Sales revenue8,03910,00012,4408,03910,00012,440

When an entity in one country sells goods to another entity in different country then such…

Q1. What are the journal entries the Europe entity should make in relation to the sale, on 5 November 2018? Select one: O A. No entry is required. B. DR. Accounts receivable CR. Sales revenue D. DR. Accounts receivable CR. Sales revenue DR. Accounts rec CR. Sales revenue 8,039 10,000 12,440 8,039 10,000 12,440