JetNew Corporation sold merchandise on June 25, 2014 to a US company for 560,000 US dollars. JetNew received payment from the US company on July 5, 2014. The US was worth $1.04 on June 25, 2014, and $1.05 on July 5, 2014.
Prepare the appropriate sales and cash receipts entries for JetNew Corporation on May 25, 2014, and July 5, 2014.

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The Answer of JetNew Corporation sold merchandise on June 25, 2014 to a US company for 560,000 US dollars. JetNew received payment from the US company on July 5, 2014. The US was worth $1.04 on June 25, 2014, and $1.05 on July 5, 2014.
Prepare the appropriate sales and cash receipts entries for JetNew Corporation on May 25, 2014, and July 5, 2014.

JetNew Corporation Sold Merchandise on June 25, 2014 to a US