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in this video Im going to review the basic journal entries a US company would make if it were to sell a product to a foreign company and allow that customer to pay in a foreign currency this will be a simple example that does not involve any type of hedging for foreign exchange risk here is our scenario US company sells products to a customer in France on October 15th the invoice specifies that the customer will have to pay on January 20th of the following year and the selling price is 100,000 euros now we need to know what is the euro going to cost on these different days so assume the following exchange rates so on October 15th the day we deliver the product to France the extrange rate is each euro cost one dollar in ten cents now of course on October 15th we would not know any of those future exchange rates but by the time we get to December 31st we would know at that time that the exchange rate is now a dollar 14 per euro so in that case the euro has appreciated versus the US doll