Problem
Company D, a domestic entity, sold goods to a British company on 5/10 with the transaction denominated in Pounds. The sales price of the goods was £250,000, and the cost of the goods was $100,000. The receivable is payable in full on 6/10, and Company D prepares their financials monthly. Relevant exchanges rates are 5/10 £1 = $1.30, 5/31 £1 = $1.40, and 6/10 £1 = $1.45. Based on this information, what was the amount booked to sales by Company D on 6/10?