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Keep a journal that Sea Limited Corp is required

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Reference no: EM133100982

Question - Sea Limited Corp. based online video game, E-Commerce and financial services company in Singapore with the functional currency dollar ($) has the following transactions:

On November 01, 2019 sold its products to customers in Tokyo for $1,000,000 which will be received on January 05, 2021. Applicable exchange rate:

01 August 2019 1 Yen (¥) = $0.0087

December 31, 2019 1 Yen (¥) = $0.0080

05 January 2020 1 Yen (¥) = $0.0080

Required - It is assumed that both transactions are made in Yen. Keep a journal that Sea Limited Corp is required on the transaction date and settlement date.

Reference no: EM133100982

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