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Prepare the us company journal entries

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Question - On July 25, 2019, a U.S. company sold merchandise on credit to a customer in Mexico for 10,000 pesos. The company receives payment from the customer on August 28, 2019. The company prepares its financial statements on the last day of each calendar month. Using the exchange rate information below, prepare the U.S. Company's journal entries related to this international sale.

July 25, 2019 $0.50/peso

July 31, 2019 $0.52/peso

August 28, 2019 $0.53/peso

Reference no: EM132769972

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