Forex accounting 2A Name: Seat no:

Albert Bernard invested IDR 100 million in money changer business.

The following data is the AB Co. rate for the first week 5-8 Jan. 2016:
US$ SGD PHP THB
Spot 6 Jan. 14350 1.332 50.12 29.48
Spot 7 Jan. 14425 1.328 50.28 30.22
Spot 8 Jan. 14550 1.336 51.24 31.24
The company has a policy for buying at 3%<spot rate, selling at 7%>spot rate
The following transactions occurred for the week:
6-Jan Bought $1000, SGD1200, PHP 5000, THB 3000
Sold $500, SGD 600, PHP 4000, THB 2500 Buying rate -3%
7-Jan Bought $500, SGD1000, PHP 10000, THB 6000 selling rate 7%
Sold $600, SGD 900, PHP 8000, THB 5000
8-Jan Bought $500, SGD1000, PHP 8000, THB 11000
Sold $1100, SGD 1200, PHP10000, THB 10000
Instructions: a. Complete the following table:
US$ SGD PHP THB Income Statement
Spot 6 Jan. 14,350 10,773.27 286.31 486.77 Forex Revenue
Spot 7 Jan. 14,425 10,862 287 477 Forex cost
Spot 8 Jan. 14,550 10,891 284 466 Profit/loss
Buy 6 Jan. 13,920 10,450 278 472 Realized Forex G/L
Buy 7 Jan. 13,992 10,536 278 463 Unrealized Forex G/L
Buy 8 Jan. 14,114 10,564 275 452 Net Income
Sell 6 Jan. 15,355 11,527 306 521
Sell 7 Jan. 15,435 11,623 307 511
Sell 8 Jan. 15,569 11,653 304 498
bought 6 jan 1,000 1,200 5,000 3,000
bought 7 jan 500 1,000 10,000 6,000
bought 8 jan 500 1,000 8,000 11,000
sold 6 jan 500 600 4,000 2,500
sold 7 jan 600 900 8,000 5,000
sold 8 jan 893 1,200 10,000 10,000
Total 7 500 1,000 2,500
Trial Balance-8 Jan. 2019 Calculation of unrealized G/L
Cash 100,608,211 US$
US Dolllar 7 14,350 SGD
Sing Dollar 500 5,372,040 PHP
Phil Peso 1,000 292,184 THB
Thai Baht 2,500 1,186,467
AB, Capital 100,000,000
Forex Revenue 77,760,125
Forex cost 72,673,014
Realized Forex G/L 2,386,142
Unrealized Forex G/L
Total 180,146,266 180,146,266
 Statement of Financial Position 8 Jan. 2019
Cash 100,608,211
US Dolllar 7 14,350
Sing Dollar 500 5,372,040
Phil Peso 1,000 292,184
Thai Baht 2,500 1,186,467
AB, Capital 107,473,253
Total 107,473,253 107,473,253

Journal entries for all transactions and adjusting entries

Debit Credit
Cash 100,000,000
ABC Capital 100,000,000

US Dolllar 1,000 14,350,000

Sing Dollar 1,200 12,927,928
Phil Peso 5,000 1,431,564
Thai Baht 3,000 1,460,312
Cash 29,264,710
Realized forex gain 905,094

Cash 17,121,222
Forex revenue 17,121,222
Forex cost 16,001,142
US Dolllar 500 7,175,000
Sing Dollar 600 6,463,964
Phil Peso 4,000 1,145,251
Thai Baht 2,500 1,216,927
Realized forex gain
US Dolllar 500 7,212,500
Sing Dollar 1,000 10,862,199
Phil Peso 10,000 2,868,934
Thai Baht 6,000 2,863,997
Cash 23,093,401
Realized forex gain 714,229

Cash 24,730,686
Forex revenue 24,730,686
Forex cost 23,112,791
US Dolllar 600 8,655,000
Sing Dollar 900 9,775,979
Phil Peso 8,000 2,295,147
Thai Baht 5,000 2,386,664
Realized forex gain
US Dolllar 500 7,275,000
Sing Dollar 1,000 10,890,719
Phil Peso 8,000 2,271,663
Thai Baht 11,000 5,123,239
Cash 24,793,802
Realized forex gain 766,819

Cash 35,908,217
Forex revenue 35,908,217
Forex cost 33,559,081
US Dolllar 893 12,993,150
Sing Dollar 1,200 13,068,862
Phil Peso 10,000 2,839,578
Thai Baht 10,000 4,657,490
Realized forex gain

329,971,194 329,971,194
 Forex accounting 2B Name:
Albert Bernard invested IDR 100 million in money changer business.
The following data is the ABC rate for the first week 6-8 Jan. 2016:
US$ SGD PHP
Spot 6 Jan. 14450 1.351 51.45
Spot 7 Jan. 14500 1.363 52.04
Spot 8 Jan. 14555 1.376 52.56
The company has a policy for buying at 2.5%<spot rate, selling at 7.5%>spot rate
The following transactions occurred for the week:
6-Jan Bought $1100, SGD1250, PHP 9000, THB 3000
Sold $600, SGD 800, PHP 5000, THB 2000
7-Jan Bought $500, SGD1000, PHP 10000, THB 6000
Sold $800, SGD 1100, PHP 10000, THB 5000
8-Jan Bought $500, SGD 9000, PHP 8000, THB 12000
Sold $1150, SGD 120, PHP8000, THB 9000
Instructions: a. Complete the following table:
ncome Statement US$ SGD PHP
77,760,125 Spot 6 Jan. 14,450 10,695.78 280.86
72,673,014 Spot 7 Jan. 14,500 10,638.30 277.67
5,087,111 Spot 8 Jan. 14,555 10,577.76 274.92
2,386,142 Buy 6 Jan. 14,017 10,428 274
Buy 7 Jan. 14,065 10,372 271
7,473,253 Buy 8 Jan. 14,118 10,313 268
Sell 6 Jan. 15,534 11,498 302
Sell 7 Jan. 15,588 11,436 298
Sell 8 Jan. 15,647 11,371 296
bought 6 jan 1,100 1,250 9,000
bought 7 jan 500 1,000 10,000
bought 8 jan 500 9,000 8,000
sold 6 jan 600 800 5,000
sold 7 jan 800 1,100 10,000
sold 8 jan 697 120 8,000
Total 3 9,230 4,000
tion of unrealized G/L 0.031648 Trial Balance 8 Jan.2019
-0.000299 Cash 9,621,215
US Dolllar 3 7,665
Sing Dollar 9,230 97,679,795
Phil Peso 4,000 1,123,421
Thai Baht 2,000 890,215
AB, Capital
Forex Revenue
Forex cost 66,776,712
Realized Forex G/L
Unrealized Forex G/L
Total 176,099,023
 Statement of Financial Position 8 Jan. 2019
Cash 9,621,215
US Dolllar 3 7,665
Sing Dollar 9,230 97,679,795
Phil Peso 4,000 1,123,421
Thai Baht 2,000 890,215
AB, Capital
Total 109,322,311

Journal entries for all transactions and adjusting entries

Debit Credit
Cash 100,000,000
ABC Capital 100,000,000

US Dolllar 1,100 15,895,000

Sing Dollar 1,250 13,369,726
Phil Peso 9,000 2,527,697
Thai Baht 3,000 1,328,125
Cash 32,213,059
Realized forex gain 907,489

Cash 20,980,041
Forex revenue 20,980,041
Forex cost 19,516,317
US Dolllar 600 8,670,000
Sing Dollar 800 8,556,625
Phil Peso 5,000 1,404,276
Thai Baht 2,000 885,417
Realized forex gain
US Dolllar 500 7,250,000
Sing Dollar 1,000 10,638,298
Phil Peso 10,000 2,776,710
Thai Baht 6,000 2,685,042
Cash 22,730,049
Realized forex gain 620,001

Cash 30,440,101
Forex revenue 30,440,101
Forex cost 28,316,373
US Dolllar 800 11,600,000
Sing Dollar 1,100 11,702,128
Phil Peso 10,000 2,776,710
Thai Baht 5,000 2,237,535
Realized forex gain
US Dolllar 500 7,277,500
Sing Dollar 9,000 95,199,855
Phil Peso 8,000 2,199,391
Thai Baht 12,000 5,330,464
Cash 107,220,642
Realized forex gain 2,786,568

Cash 20,364,823
Forex revenue 20,364,823
Forex cost 18,944,022
US Dolllar 697 10,144,835
Sing Dollar 120 1,269,331
Phil Peso 8,000 2,199,391
Thai Baht 12,000 5,330,464
Realized forex gain

405,039,485 405,039,485
 Seat no. Forex accounting 2C
anger business. Albert Bernard invested IDR 100 million in money changer bu
6-8 Jan. 2016: The following data is the AB Co. rate for the first week 5-8 Ja
THB US$ SGD
32.64 Spot 6 Jan. 14350 1.322
32.29 Spot 7 Jan. 14425 1.338
32.53 Spot 8 Jan. 14550 1.346
e, selling at 7.5%>spot rate The company has a policy for buying at 3%<spot rate, selling a
The following transactions occurred for the week:
00, THB 3000 6-Jan Bought $1000, SGD1200, PHP 5000, THB
Buying rate -2.5% Sold $500, SGD 600, PHP 4000, THB 2500
00, THB 6000 selling rate 7.5% 7-Jan Bought $500, SGD1000, PHP 10000, THB
Sold $600, SGD 900, PHP 8000, THB 5000
00, THB 12000 8-Jan Bought $500, SGD1000, PHP 8000, THB 1
Sold $1100, SGD 1200, PHP10000, THB 1
Instructions: a. Complete the following table:
THB Income Statement US$ SGD
442.71 Forex Revenue 71,784,965 Spot 6 Jan. 14,350 10,854.77
447.51 Forex cost 66,776,712 Spot 7 Jan. 14,425 10,781.02
444.21 Profit/loss 5,008,253 Spot 8 Jan. 14,550 10,809.81
432 Realized Forex G/L 4,314,058 Buy 6 Jan. 13,920 10,529
436 Unrealized Forex G/L Buy 7 Jan. 13,992 10,458
433 Net Income 9,322,311 Buy 8 Jan. 14,114 10,486
476 Sell 6 Jan. 15,355 11,615
481 Sell 7 Jan. 15,435 11,536
478 Sell 8 Jan. 15,569 11,566
3,000 bought 6 jan 1,000 1,200
6,000 bought 7 jan 500 1,000
12,000 bought 8 jan 500 1,000
2,000 sold 6 jan 500 600
5,000 sold 7 jan 600 900
12,000 sold 8 jan 893 1,200
2,000 Total 7 500
Calculation of unrealized G/L Trial Balance-8 Jan. 2019
US$ Cash
SGD US Dolllar 7
PHP Sing Dollar 500
THB Phil Peso 1,000
Thai Baht 2,500
100,000,000 AB, Capital
71,784,965 Forex Revenue
Forex cost
4,314,058 Realized Forex G/L
Unrealized Forex G/L
176,099,023 Total
Jan. 2019 Statement of Financial Position 8 Jan. 201
Cash
US Dolllar 7
Sing Dollar 500
Phil Peso 1,000
Thai Baht 2,500
109,322,311 AB, Capital
109,322,311 Total

Journal entries for all transactions and adjusting entries

Debit
Cash 100,000,000
ABC Capital

US Dolllar 1,000 14,350,000

Sing Dollar 1,200 13,025,719
Phil Peso 5,000 1,403,560
Thai Baht 3,000 1,460,312
Cash
Realized forex gain

Cash 17,149,569
Forex revenue
Forex cost 16,027,634
US Dolllar 500
Sing Dollar 600
Phil Peso 4,000
Thai Baht 2,500
Realized forex gain
US Dolllar 500 7,212,500
Sing Dollar 1,000 10,781,016
Phil Peso 10,000 2,759,181
Thai Baht 6,000 2,845,168
Cash
Realized forex gain

Cash 24,541,769
Forex revenue
Forex cost 22,936,233
US Dolllar 600
Sing Dollar 900
Phil Peso 8,000
Thai Baht 5,000
Realized forex gain
US Dolllar 500 7,275,000
Sing Dollar 1,000 10,809,807
Phil Peso 8,000 2,215,455
Thai Baht 11,000 4,933,724
Cash
Realized forex gain

Cash 35,544,801
Forex revenue
Forex cost 33,219,440
US Dolllar 893
Sing Dollar 1,200
Phil Peso 10,000
Thai Baht 10,000
Realized forex gain

328,490,888
 Name: Seat no: Forex accounting 2 IPRO
ion in money changer business. Albert Bernard invested IDR 100 million in m
for the first week 5-8 Jan. 2016: The following data is the AB Co. rate for the
PHP THB
51.12 29.48 Spot 6 Jan.
52.28 30.42 Spot 7 Jan.
52.54 32.44 Spot 8 Jan.
at 3%<spot rate, selling at 7%>spot rate The company has a policy for buying at 2%>
for the week: The following transactions occurred for the
SGD1200, PHP 5000, THB 3000 Buying rate -3.0% 6-Jan
600, PHP 4000, THB 2500 selling rate 7.0%
GD1000, PHP 10000, THB 6000 7-Jan
900, PHP 8000, THB 5000
GD1000, PHP 8000, THB 11000 8-Jan
D 1200, PHP10000, THB 10000
Instructions: a. Complete the following tab
PHP THB Income Statement
280.71 486.77 Forex Revenue 77,236,139 Spot 6 Jan.
275.92 474.19 Forex cost 72,183,307 Spot 7 Jan.
276.93 448.52 Profit/loss 5,052,832 Spot 8 Jan.
272 472 Realized Forex G/L 2,372,143 Buy 6 Jan.
268 460 Unrealized Forex G/L Buy 7 Jan.
269 435 Net Income 7,424,975 Buy 8 Jan.
300 521 Sell 6 Jan.
295 507 Sell 7 Jan.
296 480 Sell 8 Jan.
5,000 3,000 bought 6 jan
10,000 6,000 bought 7 jan
8,000 11,000 bought 8 jan
4,000 2,500 sold 6 jan
8,000 5,000 sold 7 jan
10,000 10,000 sold 8 jan
1,000 2,500 Total
ance-8 Jan. 2019 Calculation of unrealized G/L Trial Balance-8
100,536,840 US$ Cash
14,350 SGD US Dolllar
5,429,000 PHP Sing Dollar
278,685 THB Phil Peso
1,166,100 Thai Baht
100,000,000 AB, Capital
77,236,139 Forex Revenue
72,183,307 Forex cost
2,372,143 Realized Forex G/L
Unrealized Forex G/L
179,608,282 179,608,282 Total
ancial Position 8 Jan. 2019 Statement of Financial P
100,536,840 Cash
14,350 US Dolllar
5,429,000 Sing Dollar
278,685 Phil Peso
1,166,100 Thai Baht
107,424,975 AB, Capital
107,424,975 107,424,975 Total

and adjusting entries Journal entries for all transactions and ad

Credit
Cash
100,000,000 ABC Capital

US Dolllar
Sing Dollar
Phil Peso
Thai Baht
29,332,403 Cash
907,188 Realized forex gain

Cash
17,149,569 Forex revenue
Forex cost
7,175,000 US Dolllar
6,512,859 Sing Dollar
1,122,848 Phil Peso
1,216,927 Thai Baht
Realized forex gain
US Dolllar
Sing Dollar
Phil Peso
Thai Baht
22,889,929 Cash
707,936 Realized forex gain

Cash
24,541,769 Forex revenue
Forex cost
8,655,000 US Dolllar
9,702,915 Sing Dollar
2,207,345 Phil Peso
2,370,973 Thai Baht
Realized forex gain
US Dolllar
 Sing Dollar
Phil Peso
Thai Baht
24,476,966 Cash
757,020 Realized forex gain

Cash
35,544,801 Forex revenue
Forex cost
12,993,150 US Dolllar
12,971,768 Sing Dollar
2,769,319 Phil Peso
4,485,203 Thai Baht
Realized forex gain

328,490,888
counting 2 IPRO Name: Seat no:
rnard invested IDR 100 million in money changer business.
wing data is the AB Co. rate for the first week 5-8 Jan. 2016:
US$ SGD PHP THB
14340 1.328 52.32 30.48
14465 1.386 50.58 31.28
14650 1.366 51.45 32.54
pany has a policy for buying at 2%>spot rate, selling at 8%>spot rate
wing transactions occurred for the week:
Bought $1000, SGD1200, PHP 5000, THB 3000 Buying rate -2.5%
Sold $700, SGD 600, PHP 4000, THB 2500 selling rate 7.5%
Bought $500, SGD1000, PHP 10000, THB 6000
Sold $600, SGD 1300, PHP 6000, THB 5500
Bought $500, SGD1000, PHP 8000, THB 11000
Sold $1100, SGD 1200, PHP10000, THB 10000
ons: a. Complete the following table:
US$ SGD PHP THB Income Statement
14,340 10,798.19 274.08 470.47 Forex Revenue 81,357,666
14,465 10,436.51 285.98 462.44 Forex cost 75,681,550
14,650 10,724.74 284.74 450.22 Profit/loss 5,676,116
13,910 10,528 267 459 Realized Forex G/L 2,111,067
14,031 10,176 279 451 Unrealized Forex G/L
14,211 10,457 278 439 Net Income 7,787,183
15,416 11,608 295 506
15,550 11,219 307 497
15,749 11,529 306 484
1,000 1,200 5,000 3,000
500 1,000 10,000 6,000
500 1,000 8,000 11,000
700 600 4,000 2,500
600 1,300 6,000 5,500
694 1,200 10,000 10,000
6 100 3,000 2,000
Trial Balance-8 Jan. 2019 Calculation of unrealized G/L
104,805,571 US$
6 13,400 SGD
100 1,203,015 PHP
3,000 848,528 THB
2,000 916,669
100,000,000
81,357,666
75,681,550
2,111,067

Total 183,468,732 183,468,732

 Statement of Financial Position 8 Jan. 2019
104,805,571
6 13,400
100 1,203,015
3,000 848,528
2,000 916,669
107,787,183
107,787,183 107,787,183

entries for all transactions and adjusting entries

Debit Credit
100,000,000
100,000,000

1,000 14,340,000
1,200 12,957,831
5,000 1,370,413
3,000 1,411,417
29,255,970
ed forex gain 823,692

20,198,634
20,198,634
18,789,427
700 10,038,000
600 6,478,916
4,000 1,096,330
2,500 1,176,181
ed forex gain
500 7,232,500
1,000 10,436,508
10,000 2,859,826
6,000 2,774,616
22,684,702
ed forex gain 618,749

28,493,686
28,493,686
26,505,754
600 8,679,000
1,300 13,567,460
6,000 1,715,896
5,500 2,543,398
ed forex gain
500 7,325,000
 1,000 10,724,744
8,000 2,277,940
11,000 4,952,366
24,611,424
ed forex gain 668,626

32,665,346
32,665,346
30,386,368
694 10,167,100
1,200 12,869,693
10,000 2,847,425
10,000 4,502,151
ed forex gain

335,702,377 335,702,377