Chapter $7$ Assignment $i$

Check my work mode : This shows what is correct or incorrest tor the work you have completed so far. It does not indicate combl?

$4$

$10$

Grand Ltd$.$ is a Canadian company that had the following transactions in $20$X$7$:

a$.$ Sold goods to a customer in Belgium on $25$ November for $270,000$ euros.

b$.$ Sold goods to a U$.$S$.$ customer on $25$ November for US $$90,000.$

c$.$ Sold goods on $1$ December, to a British customer for $190,000$ euros.

d$.$ On $15$ December, the customer in transaction $($a$)$ paid.

$0253$:$43$

At year$-$end, the other two accounts receivable were still outstanding.

EXCHANGE RATES

$\backslash$table$[[$Canadian$,,,],[$Equivalencies$,$Euro,US $$,],[25,$November,$1\mathrm{.}55,1\mathrm{.}02],[1,$December,$1\mathrm{.}61,0\mathrm{.}98],[15,$December,$1\mathrm{.}42,1\mathrm{.}01],[31$ December,$1\mathrm{.}47,1\mathrm{.}03,]]$

Required:

Calculate the exchange gain or loss to be reported in $20$X$7.($Do not round intermediate calculations.$)$