On February 3, 20Y8, Sullivan Manufacturing, a U.S. company, sold merchandise that cost $42,000 to Cikan Stores,

Question:

On February 3, 20Y8, Sullivan Manufacturing, a U.S. company, sold merchandise that cost $42,000 to Cikan Stores, located in Prague, Czech Republic, receiving kc 1,600,000 Czech koruna (CZK) at the time of sale. The exchange rate on February 3, 20Y8, was $0.044 USD per CZK. Journalize the entry by Sullivan Manufacturing to record the sale.

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