Peerless Corporation $($a U$.$S$.-$based company$)$ made a sale to a foreign customer on September $15,$ for $112,000$ crowns. It received payment on October $15.$ The following exchange rates for $1$ crown apply:

Required:

Prepare all journal entries for Peerless Corporation in connection with this export sale, assuming that the company closes its books on September $30$ to prepare interim financial statements.

Note: If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.

Journal entry worksheet

Record the entry for sales on credit.

Note: Enter debits before credits. Peerless Corporation $($a U$.$S$.-$based company$)$ made a sale to a foreign customer on September $15,$ for $112,000$ crowns. It received payment on October $15.$ The following exchange rates for $1$ crown apply:

Required:

Prepare all journal entries for Peerless Corporation in connection with this export sale, assuming that the company closes its books on September $30$ to prepare interim financial statements.

Note: If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.

$1$ Record the entry for sales on credit.

$2$ Record the entry for changes in the exchange rate.

$3$ Record the entry for changes in the exchange rate.

$4$ Record the entry for receipt of payment.

Note : $=$ journal entry has been entered Journal entry worksheet

$1$

$2$

$3$

$4$

Record the entry for changes in the exchange rate.

Note: Enter debits before credits. Journal entry worksheet

$1$

$24$

Record the entry for changes in the exchange rate.

Note: Enter debits before credits. Journal entry worksheet

Record the entry for receipt of payment.

Note: Enter debits before credits.