Question: Hello! can someone please help me with my HW, Advanced Financial Report class The problem is attached on excel! On October 1, 2016 USA Company

Hello! can someone please help me with my HW, Advanced Financial Report class

The problem is attached on excel!

On October 1, 2016 USA Company sold some chairs to Mexico Company for 500,000 pesos when was worth 10 cents. Payment is due April 1, 2017 On October 2nd, USA enters into a forward contract when the 6 monthforward price wa Use 12% for interest On December 31, the pesothe 3 month forward rate is 1 peso = 7 cent On April 1, the peso is worth 11 cents and Mexico Company pays its bi REQUIRED: MAKE ALL THE NECESSARY JOURNAL ENTRIES FOR USA COMPANY IN 2016 AND 2017 Remember, USA entered into a covered forward contract on October 2nd 500,000 pesos when the peso nthforward price was 1 peso = .09 cents N 2016 AND 2017 n October 2nd

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