"Peerless Corporation (a U. S. company) made a sale to a foreign customer on September 15, for 106,000 crowns. It received payment on October 15. The following exchange rates for 1 crown apply: Prepare all journal entries for Peerless in connection with this sale, assuming that the company closes its books on September 30 to prepare interim financial statements. (If no entry is required for a transaction/event, select "" No journal entry required"" in the first account field.) 4 journal entries"

Question. The exchange rate was not added to your question. Below is the exchange rate used to answer this question.

September 15     $0.60  

September 30     $0.66  

October 15       $0.62

See the explanation for the prepared journal entry.

Explanation:

Date        Account title/Explanation                          Debit              Credit

Sept 15   Account receivable (106,000*0.6)             63600

               Sales                                                                                  63600

                (To record the sales)

Sept 30   Account receivable(106,000*(0.66-0.6)     6360      

               Foreign exchange gain                                                      6360

             [ To record the adjustment of forex gain/loss]

Oct. 15    Foreign exchange gain/loss

                (106000*(0.66-0.62)                                     4240

               Account receivable                                                              4240

               [ To record the entry for changes

                   in the exchange rate]

Oct 15      Cash   (106,000*0.62)                                     65720

                account receivable                                                             65720

              [ To record the entry for receipt of payment]

Note; No journal entry require for 3rd entry.

sound is invisible, but sometimes we can feel it. when a kettle-drum is thumped with a stick that time the tight drum skin moving up and down very quickly for some time and then it pumped sound waves into the air. loudspeakers also work in a similar manner.

components of a speaker:

electromagnet

in order to translate an electrical signal into an audible sound, an electromagnet is used in looudspeakers

  suspension

suspension is used to   center the voice coil in the gap of the magnet and it exerts a restoring force to keep it there. suspension is used to limits the maximum mechanical excursion of the diaphragm and voice coil.

voice coil

voice coil is a coil of wire which is attached to the apex of a loudspeaker cone. it provides the motive force to the cone by the reaction of a magnetic field to the current passing through it.

cone

in a   loudspeaker, a   thin, semi-rigid membrane attached to the voice coil, which moves in a magnetic gap due to which it vibrates   and produced sound. it is known as diaphragm and it can also be called a cone, though not all speaker diaphragms are cone-shaped.

surround

surround is also known as front suspension. surround is used to join the cone to the chassis. together with the suspension it controls the cone excursion, and it is also used to   determine how energy which is   travelling through the cone is absorbed, and how the speaker limits when it reaches the ends of its travel.

dustcap

dustcap is used to protect the voice coil from dust and dirt. it is a part of the cone.

how speaker work

the outer part of the cone is fastened to the outer part of the loudspeaker's circular metal rim. the inner part is fixed to   voice coil that sits just in front of a permanent magnet . when loudspeaker is hooked up to a stereo, electrical signals feed through the speaker cables into the coil. it will convert the coil into an electromagnet magnet . when electricity flows back and forth in the cables, the electromagnet either repels or attract the permanent magnet. this moves the coil back and forth, and it pull and push the loudspeaker cone. like a drum skin vibrating back and forth, the moving cone pumps sounds out into the air.in this way loudspeakers works.