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.

Question

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.

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The Answer of 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.