Saved ork Assignment Chap 11 i C. When Dexter entered into the 60-day forward contract to sell A$70,000, what was the direct exchange rate for the 60-day forward contract? (Round your answer 2 decimal places.) Direct exchange rate d. What is the amount of Dollars Receivable from Exchange Broker in the adjusted trial balance? Amount of dollars receivable e. What was the indirect exchange rate for South Korean won on October 2, 20X5? What was the indirect exchange rate on December 31, 20X5? (Round your answers to 3 decimal places.) Indirect exchange rate on October 2, 20X5 KRW Indirect exchange rate on December 31, 20X5 KRW f. What is the balance in the account Dollars Payable to Exchange Broker in both the unadjusted and the adjusted trial balance columns? Dollars payable to exchange broker: Unadjusted Dollars payable to exchange broker: Adjusted g. When Dexter entered into the 120-day forward contract to purchase KRW400,000, what was the direct exchange rate for the 120- day forward contract? (Round your answer to 3 decimal places.) Direct exchange rate < Prev 17 of 18 25 Glöbe Shipping, a U.S. compar X https://ezto.mheducation.com/ext/map/index.html?_con%3Dcon&... 电 |一 Not Assignment Chap 11 i Saved Help Save & Exit Check my w Dexter Inc. had the following items in its unadjusted and adjusted trial balances at December 31, 20X5: Trial Balances Unadjusted Adjusted $41,700 Accounts Receivable (denominated in Australian dollars) Dollars Receivable from Exchange Broker Foreign Currency Receivable from Exchange Broker Accounts Payable (denominated in South Korean won) Dollars Payable to Exchange Broker Foreign Currency Payable to Exchange Broker 000 009 000 000'08 000 ' 009o Additional Information 1. On December 1, 20X5, Dexter sold goods to a company in Australia for A$70,000. Payment in Australian dollars is due on January 30, 20X6. On the transaction date, Dexter entered into a 60-day forward contract to sell 70,000 Australian dollars on January 30, 20X6. The 30-day forward rate on December 31, 20X5, was A$1 = $0.57. 2. On October 2, 20X5, Dexter purchased equipment from a South Korean company for KRW400,000, payable on January 30, 20X6. On the transaction date, Dexter entered into a 120-day forward contract to purchase KRW400,000 on January 30, 20X6. On December 31, 20X5, the spot rate was KRW1 = $0.2020. %3D %3D Required: Using the information contained in the trial balances, answer each of the following questions: a. What was the indirect exchange rate for Australian dollars on December 1, 20X5? What was the indirect exchange rate on December 31, 20X5? (Round your answers to 3 decimal places.) Australian dollars Indirect exchange rate on December 1, 20X5 Australian dollars Indirect exchange rate on December 31, 20X5 b. What is the balance in the account Foreign Currency Payable to Exchange Broker in the adjusted trial balance? Foreign currency payable to exchange broker Next > Prev <> 17 of 18 25 LSU