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Old Colonial Corp

Question 83

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Old Colonial Corp.(a U.S.company) made a sale to a foreign customer on September 15, 2018, for 100,000 stickles.Payment was received on October 15, 2018.The following exchange rates applied:
Old Colonial Corp.(a U.S.company) made a sale to a foreign customer on September 15, 2018, for 100,000 stickles.Payment was received on October 15, 2018.The following exchange rates applied: Required: Prepare all journal entries for Old Colonial Corp.in connection with this sale assuming that the company closes its books on September 30 to prepare interim financial statements. Required:
Prepare all journal entries for Old Colonial Corp.in connection with this sale assuming that the company closes its books on September 30 to prepare interim financial statements.

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