B. Assuming that Saban Enterprises designates the forward co…
B. Assuming that Saban Enterprises designates the forward contract as a cash flow hedge of a foreign currency payment and recognizes any premium or discount using the straight-line method, prepare the journal entries for these transactions in U.S. dollars through March 1 (the settlement date). Be sure to date each entry. USE THIS SPACE TO PROVIDE YOUR JOURNAL ENTRIES, and use the table function to format your journal entries! (18 points)