Nancy Brown Owns an American Company That Sells Music Cassettes

Nancy Brown owns an American company that sells music cassettes to Mexican outlets. On December 10, X1, she sold tapes to Music of Mexico for a price of 16,000 pesos, due in 60 days. The foreign currency exchange rates on specific dates are as follows:

-Refer to the above data. The journal entry to record the sale in Brown's accounting records on December 10, X1, includes:

A) A debit to Accounts Receivable for 16,000 pesos.
B) A credit to Sales for $2,560.
C) A debit to Loss on Fluctuation of Foreign Currency for $260.
D) No entry is made until year-end on this type of transaction.