Abe Inc, a US company, sold its inventory to Poui SA for $20,000 and to Brit Ltd for 20,000 euros on December 10, 2013, when the spot rate for the euro was $0.723 Abe closed its books on December 31, 2014, when the spot rate for the euro was $0.718 and collected for the sale on January 10, 2014, when the spot rate for the euro was $0.730 REQUIRED Prepare the necessary journal entries to account for the transactions above

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