Worksheetn translasi Soo Comp for 2011

British Pounds Exchange Rate US Dollar

Debits
Cash 20,000 1.55 31,000.00 C 31 Des
Accounts receivable—net 70,000 70,000 1.55 108,500.00 C 31 Des
Inventories 50,000 1.55 77,500.00 C 31 Des
Equipment 800,000 1.55 1,240,000.00 C 31 Des
Cost of sales 350,000 1.53 535,500.00 A
Depreciation expense 80,000 1.53 122,400.00 A
Operating expenses 100,000 1.53 153,000.00 A
Dividends 30,000 1.62 48,600.00 R
1,500,000 2,316,500.00

Credits
Accumulated depreciation 330,000 1.55 511,500.00 C 31 Des
Accounts payable 70,000 1.55 108,500.00 C 31 Des
Capital stock 400,000 1.5 600,000.00 C 1 Jan
Retained earnings 100,000 1.5 150,000.00 C 1 Jan
Sales 600,000 1.53 918,000.00 A
2,288,000.00
Equity adjustment from translation 28,500.00
1,500,000 2,316,500.00