Hot Corporation sold merchandise on March 5, 2015, to a Swiss company for 320,000 Swiss francs. Hot Corp. received payment from the Swiss company on April 3, 2015. The Swiss franc was worth $0.26 on March 5, 2015, and $0.32 on April 3, 2015.
Prepare the appropriate sales and cash receipts entries for Hot Corporation on March 5, 2015, and April 3, 2015.
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