Question: View the image below and answer the following questions 1. Assume that your company sells products to a customer located in Switzerland on November 20.

View the image below and answer the following questions

1. Assume that your company sells products to a customer located in Switzerland on November 20. The invoice specifies that payment is to be made on February 20 in Swiss Francs (CHF) in the amount of CHF 4,000. Your company operates on a calendar year basis. Assume the following exchange rates: $1.18: 1CHIF $1.05: ICHF $1.12: ICHF November 20 December 31 February 20 Required: a. Prepare the journal entry to record the sale. b. Prepare the journal entry as of Dec. 31 c. Prepare the journal entry as of Feb. 20. Must use full account names for credit Debit Credit

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