Silver Era Co.exports Southwestern artwork to Japan.Prepare journal entries for the following transactions.
$$\begin{array} { | l | l | }
\hline \text { Nov } 10 & \begin{array} { l }
\text { Sold artwork to Ito Company for } ¥ 10,000,000 \text {, terms } n / 30 . \text { The exchange rate } \
\text { was } \$ 0.009 \text { per yen. }
\end{array} \
\hline \text { Dec } 5 & \begin{array} { l }
\text { Received payment from Ito Company for the November } 10 \text { sale. The exchange } \
\text { rate was } \$ 0.0087 \text { per yen. }
\end{array} \
\hline
\end{array}$$

Question

Silver Era Co.exports Southwestern artwork to Japan.Prepare journal entries for the following transactions.
 $$\begin{array} { | l | l | } 
\hline \text { Nov } 10 & \begin{array} { l } 
\text { Sold artwork to Ito Company for } ¥ 10,000,000 \text {, terms } n / 30 . \text { The exchange rate } \
\text { was } \$ 0.009 \text { per yen. }
\end{array} \
\hline \text { Dec } 5 & \begin{array} { l } 
\text { Received payment from Ito Company for the November } 10 \text { sale. The exchange } \
\text { rate was } \$ 0.0087 \text { per yen. }
\end{array} \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Silver Era Co.exports Southwestern artwork to Japan.Prepare journal entries for the following transactions.
 $$\begin{array} { | l | l | } 
\hline \text { Nov } 10 & \begin{array} { l } 
\text { Sold artwork to Ito Company for } ¥ 10,000,000 \text {, terms } n / 30 . \text { The exchange rate } \
\text { was } \$ 0.009 \text { per yen. }
\end{array} \
\hline \text { Dec } 5 & \begin{array} { l } 
\text { Received payment from Ito Company for the November } 10 \text { sale. The exchange } \
\text { rate was } \$ 0.0087 \text { per yen. }
\end{array} \
\hline
\end{array}$$