Question: On September 1 , 2 0 1 1 , a U . S . manufacturer sells, on account, goods to a Swedish importer for 1

On September 1,2011, a U.S. manufacturer sells, on account, goods to a Swedish importer for 1 million Swedish krona (SEK) The dollar krona exchange rate is $ 0.12- SEK 1, the krona receivable are due in 90 days, and the U.S. company operates on a calendar - year basis . The krona begins to depreciate before the receivable is collected By the end of the month , the dollar krona exchange rate is S0.11=SEK1 on December 1,2011, it is \$0.09=\$E 1 Required Journalize the necessary entries in both currencies
 On September 1,2011, a U.S. manufacturer sells, on account, goods to

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