As of 31 Jan 2018, PT D. has balances in the following Balance Sheet accounts (partial accounts only): Cash (USD 100) = IDR 14,000 Accounts Receivable (USD 5,000) = IDR 70,000,000 Accounts Payable (USD 2,000) = IDR 28,000,000 Paid-in Capital (USD 1,000,000) = IDR 13,999,000,000 (according to the deed). If on 28 Feb 2018 the exchange rate of 1 USD = 14,500, -, and the USD balance of each of these accounts has not changed, make a journal for each of these accounts on 28 Feb 2018. Question: Accounts Payable Revaluation Journal is.......... a. Dr. Loss on Foreign Exchange 1,000,000 Cr. Accounts Receivable 1,000,000 b. Dr. Exchange Gain 1,000,000 Cr. Accounts Payable 1,000,000 c. Dr. Loss on Foreign Exchange 1,000,000 Cr. Accounts Payable 1,000,000 d. Dr. Accounts Payable 28,000,000 Dr. Loss on Foreign Exchange 1,000,000 Cr. Accounts Receivable 29,000,000
As of 31 Jan 2018, PT D. has balances in the following Balance Sheet accounts (partial accounts only): Cash (USD 100) = IDR 14,000
Question:
Accounts Payable Revaluation Journal is..........
a. Dr. Loss on Foreign Exchange 1,000,000 Cr. Accounts Receivable 1,000,000
b. Dr. Exchange Gain 1,000,000 Cr. Accounts Payable 1,000,000
c. Dr. Loss on Foreign Exchange 1,000,000 Cr. Accounts Payable 1,000,000
d. Dr. Accounts Payable 28,000,000 Dr. Loss on Foreign Exchange 1,000,000 Cr. Accounts Receivable 29,000,000
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