Question: On September 1 , 2 0 1 1 , a U . S . manufacturer sells, on account, goods to a Swedish importer for 1
On September a US manufacturer sells, on account, goods to a Swedish importer for million Swedish krona SEK The dollar krona exchange rate is $ SEK the krona receivable are due in days, and the US 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 SSEK on December it is $$E Required Journalize the necessary entries in both currencies
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