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Behd Company, a U

Question 38

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Behd Company, a U.S. firm, sold some of its inventory to Edinburgo Company, a company based in Scotland, on November 27, 2014, when the local currency unit (the pound Sterling, "GBP") was trading at $1.64 : 1 GBP. The sales agreement called for Edinburgo to pay 140,000 GBP on January 26, 2015. Additional exchange rates are shown below:
Behd Company, a U.S. firm, sold some of its inventory to Edinburgo Company, a company based in Scotland, on November 27, 2014, when the local currency unit (the pound Sterling, GBP ) was trading at $1.64 : 1 GBP. The sales agreement called for Edinburgo to pay 140,000 GBP on January 26, 2015. Additional exchange rates are shown below: Required: Show all related journal entries for Behd Company. Required: Show all related journal entries for Behd Company.

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