Finance 14. On June 1, a calendar year U.S. manufacturer sells, on 60-day credit, goods to Oman importer for US$ 1,000,000. The Dollar/Rial exchange rate is $1 = OMR 0.30 on June 1, $1 = OMR O.40 on...

Extracted text: Finance 14. On June 1, a calendar year U.S. manufacturer sells, on 60-day credit, goods to Oman importer for US$ 1,000,000. The Dollar/Rial exchange rate is $1 = OMR 0.30 on June 1, $1 = OMR O.40 on June 30, and $1 = OMR 0.41 on August 1. Required: Prepare dated journal entries in Omani Rials to record the incurrence and settlement of this foreign currency transaction assuming it employs a two-transaction perspective.