On June 15,Blonski Computer Company Sold Twenty-Five Computers on Account

Multiple Choice

On June 15,Blonski Computer Company sold twenty-five computers on account to a company located in Argentina for 3,000,000 pesos.On that date,the peso is worth $0.079.On July 15,when the peso was worth $0.070,payment was received.Blonski Computer Company uses the perpetual inventory system.Ignoring Cost of Goods Sold,the journal entry on June 15 by Blonski Computer Company would be:

A) debit Accounts Receivable $237,000 and credit Sales Revenue $237,000.
B) debit Accounts Receivable $210,000 and credit Sales Revenue $210,000.
C) debit Accounts Receivable $210,000,debit to Foreign-Currency Transaction Loss $27,000 and credit Sales Revenue $237,000.
D) debit Accounts Receivable $237,000,credit Sales $210,000,and credit Foreign Currency Transaction Gain $27,000.