Old Colonial Corp. (a U.S. company) made a sale to a foreign customer on September 15, 2013, for 100,000 stickles. Payment was received on October 15, 2013. The following exchange rates applied: 
Required:
Prepare all journal entries for Old Colonial Corp. in connection with this sale assuming that the company closes its books on September 30 to prepare interim financial statements.
Definitions:
Midlife Crisis
A psychological crisis occurring in middle age characterized by emotional turmoil, identity reevaluation, and a strong desire for change.
Generational Shift
Changes in attitudes, behaviors, and cultural norms that occur from one generation to the next, often due to society's evolution and historical events.
Midlife Crisis
A period of emotional turmoil and identity questioning that typically occurs in middle adulthood, often characterized by a desire for change.
Erik Erikson
A developmental psychologist known for his theory on the psychosocial stages of human development, which outlines eight stages from infancy to adulthood.
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