Assume the following spot exchange rates between the British pound sterling and the US dollar. March 1............................1.8685

Question:

Assume the following spot exchange rates between the British pound sterling and the US dollar.
March 1............................1.8685
March 31..........................1.8258
April 30............................1.7740
On March 1, XYZ Co. sells goods to an US Company importer for $1000,000. Payment is to be received on April 30. What are the journal entries for XYZ on March 1, March 31, and April 30?