Solution-Assuming the exchange rate between malaysian

Assuming the exchange rate between malaysian ringgits

Reference no: EM13896134

1.On March 1, 2013, a U.S. company made a credit sale requiring payment in 30 days from a Malaysian company, Hamac Sdn. Bhd., in 20,000 Malaysian ringgits. Assuming the exchange rate between Malaysian ringgits and U.S. dollars is $ 0.4538 on March 1 and $ 0.4899 on March 31, prepare the entries to record the sale on March 1 and the cash receipt on March 31.

Reference no: EM13896134

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Assuming the exchange rate between malaysian ringgits : Assuming the exchange rate between Malaysian ringgits and U.S. dollars is $ 0.4538 on March 1 and $ 0.4899 on March 31, prepare the entries to record the sale on March 1 and the cash receipt on March 31.

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Assuming the exchange rate between malaysian ringgits

Reference no: EM13896134

Reference no: EM13896134

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