Solved: On june 21 2010 the livingston company a us company sold, Accounting Basics

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On june 21 2010 the livingston company a us company sold

On June 21, 2010, the Livingston Company, a U.S. company, sold merchandise on credit to a Swiss company for 25,000 francs. The company received payment for the merchandise on July 10, 2010. The exchange rates on June 21 and July 10 were $0.89 and $0.88, respectively.

Required:
Record the journal entries for the sale and collection by the Livingston Company.

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Accounting Basics: On june 21 2010 the livingston company a us company sold

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