4 - Entity A sold its registered $ 1000 at a rate of 4.60 TL at a rate of 4.65 TL. Which of the following accounts is correct in the journal entry to be made? A) 100 02 DOLLAR CASH ACCOUNT RECEIVABLE 4600 TL B) None C) 656 EXCHANGE LOSS ACCOUNT DEBTED 150 TL D) 100 01 TL CASH ACCOUNT RECEIVABLE 4.650 TL E) BORROWED 646 EXCHANGE PROFIT ACCOUNT 50 TL

4 - Entity A sold its registered $ 1000 at a rate of 4.60 TL at a rate of 4.65 TL. Which of the following accounts is correct in the journal entry to be made? A) 100 02 DOLLAR CASH ACCOUNT RECEIVABLE 4600 TL B) None C) 656 EXCHANGE LOSS ACCOUNT DEBTED 150 TL D) 100 01 TL CASH ACCOUNT RECEIVABLE 4.650 TL E) BORROWED 646 EXCHANGE PROFIT ACCOUNT 50 TL

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 3.7C

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