hull manufacturing corp hmc a canadian company manufactures instruments used to measure the moisture content of barley and whea

Hedge accounting is not adopted.
Required:
(a) Prepare the Year 4 journal entries to record the transactions described above and any adjusting entries necessary.
(b) Prepare the December 31, Year 4, balance sheet presentation of the receivable from the Argentinean customer, and the accounts associated with the forward contract.