Century 21 Accounting: Foreign Exchange Translation Service

This simulation covers the transactions completed by Foreign Exchange Translation Service, a service business organized as a proprietorship. The business begins on September 1 of the current year. Owned by Stuart Reed, Foreign Exchange specializes in translating items such as web pages, books, speeches and reports into other languages. Foreign Exchange allows its two largest customers to buy services on account. All other customers must pay when services are rendered. Are transactions are completed manually.