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Make a journal on the books of wick corp

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Reference no: EM132643475

Problem 1: Make a journal on the books of Wick Corp. to record transactions on November 16, 2017

On November 16, 2017, Wick Corp (USA Company) sold merchandise to Candle Corp. for 90,000 Canadian Dollars which will be paid on February 14, 2018. The exchange rate of Canadian Dollar against US Dollar on November 16, 2017 is $ 0.80, December 31, 2017 is $ 0.84 and February 14, 2018 is $ 0.83

  1. Adjustment Journal dated December 31, 2017
  2. Payment Journal dated February 14, 2018 (ignore Cost of Good Solds).

Reference no: EM132643475

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