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Business, 21.11.2019 20:31 paaoolav

On march 1, 20x8, wilson corporation sold goods for a u. s. dollar equivalent of $31,000 to a thai company. the transaction is denominated in thai baht. the payment is received on may 10. the exchange rates were: march 1: 1 baht = $0.031 may 10: 1 baht = 0.034 what entry is required to revalue foreign currency payable to u. s. dollar equivalent value on may 10?

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