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Make the accounting entries for each transaction

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Reference no: EM131698921

Question - Global Enterprise, Inc. made an international sale for US $ 1,500 on June 15, 2016 (Exchange Rate 2,977), which was charged in the same currency on July 22, 2016 (Exchange rate 3,015).

Answer the following questions:

1) For how much the sale been made?

2) How much did the company charge for the transaction in July?

3) Make the accounting entries for each transaction.

Reference no: EM131698921

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