Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 67

Datamix, a U.S. corporation with customers in several foreign countries, had the following selected transactions for 2015 and 2016.
2015
May 26 Sold merchandise for 6.5 million yen to Fuji Company of Japan, payment in full to be received in 60 days. On this day, the exchange rate for yen is $0.0093.
June 1 Sold merchandise to Fordham Ltd. of Great Britain for $64,800 cash. The exchange rate for pounds is $1.4498 on this day.
July 25 Received Fuji's payment in yen for its May 26 purchase and immediately exchanged the yen for dollars. The exchange rate for yen is $0.0092 on this day.
Oct. 15 Sold merchandise on credit to Martinez Brothers of Mexico. The price of 378,000 pesos is to be paid 90 days from the date of sale. On this day, the exchange rate for pesos is $0.1020.
Dec. 6 Sold merchandise for 250,000 yuans to Chi-Ying Company of China, payment in full to be received in 30 days. The exchange rate for yuans is $0.1439 on this day.
Dec. 31 Recorded adjusting entries to recognize exchange gains or losses on Datamix's annual financial statements. Rates of exchanging foreign currencies on this day follow.