Tex Hardware sells many of its products overseas. The following are some selected transactions.
1. Tex sold electronic subassemblies to a firm in Denmark for 120,000 Danish kroner (Dkr) on June 6, when the exchange rate was Dkr 1 = $0.1750. Collection was made on July 3 when the rate was Dkr 1 = $0.1753.
2. On July 22, Tex sold copper fittings to a company in London for £30,000 with payment due on September 20. Also, on July 22, Tex entered into a 60-day forward contract to sell £30,000 at a forward rate of £1 = $1.630. The spot rates follow:

July 10 ........ £1 = $1.580
September 20 .... £1 = $1.612

3. Tex sold storage devices to a Canadian firm for C$70,000 (Canadian dollars) on October 11, with payment due on November 10. On October 11, Tex entered into a 30 day forward contract to sell Canadian dollars at a forward rate of C$1 = $0.730. The forward contract is not designated as a hedge. The spot rates were as follows:
October 11........ C$1 = $0.7350
November 10....... C$1 = $0.7320

Required
Prepare journal entries to record Tex's foreign sales of its products, use of forward contracts, and settlements of the receivables.