A U.S. company sells merchandise on March 1 to a German company at a price...
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A U.S. company sells merchandise on March 1 to a German company at a price of 40,000 euros. Payment from the German company is due on April 1. The exchange rate on March 1 is 0.877 per U.S. dollar, and the exchange rate on April 1 is 0.855 per U.S. dollar. The exchange rate on March 1 is $1.14 per euro, and the exchange rate on April 1 is $1.17 per euro. On April 1, the Cash account will be debited for $
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