Ria Arggraini tw8oc0c0 23 Komis 18:30 . Et lesen oat i { Co eee ramen anansrese 00a rineinesah | teu) Patt nbn be spate 1200 pan PT Henin pence o 20206 et fetoutae os 8 20 hans anh REQUIRED: Prepare Wall’s journal entries for the transaction with PT Keraton oa July | and Jul 2016. Tawa + = _ : = Oescrie-tion Debit Credit, 7 17276 | Accounts Rereivavie (Fe) hp 2a. 724, 29] Saves Rp. 22.427, 27| (Rp. 800-000.000 / 13.200) | [Ome Descriesion Devit Creat, 8°7/ Be | Cash Pp.22.64l.S1 Exchange loss . ‘|eg. 85,76} fi Accounts recelwabie—* | 2p.22.724, 27| (Pp, 300.000. 000/118-2580) 2V9VT9VV99|]I9099909000OGOA8B88BAGF Scanned with CamScannerE12-8 [Based on AICPA] Various foreign currency-tenominated transactions 1.0m September 1, 2016, Ban recered an orde Tor equipment from a foreign custome for 360,000 curs when the | ton Octeber 15, 2016, and billed the customer for (US. datar equivalent vas $40,000 Ban shined the equipme 300,000 euros when the US. collar equivalent was ‘an recerved te customer's emtance infu on Tlovember 16, 26 an sod the 300 000 ewos fo $415,000. thts Income statement forte year ended December 51,2016, wht shoud Ba report a a oregnexciange gam or fss? 2. On September 22.2016, Yup purchased merchandise on account from an unathiate foreign company for 10.000,» ‘euros: On that date, the spot rate was S120. Yup paid the bin tll on March 20, 2017, when Be spt rate was ‘$1.30, The spot rate was 1.24 on DBzemBer 31, 2016. What amount should Yup report asa foreign currency con gino loss n fs come statement or he year ended December 31, 2016? ‘On Jy 1, 2016 Cle borrowed 1,680,000 pesos trom a foreign ender by signing an interest-bearing nate due on hy 1,2017, whic s denominated n pesos The US. doar equivalent ofthe nae principal was as follows July 1, 2016 fate otemed 210.000, Devember 3. 2016(Cle's yearend) Za 0 Sly 1, 2017 fate paid TsL000 {nits income statement for 2017, what arcu shuld Cl incude asa foreign exchange gain a loss? <= 4. Onsnty 12016, Stent $120.00 0 a een supp by accepting an nterest-earing note due on Wy 12017. | The nae is donanated nthe eurency of te Doroner an was equnatent to 840,000 pesos on the lan date ‘Te nae rincipal was appropriately induded at $140 00 he receivables section of Sets Dacember 31,2016, | balance sheet The note princi! was fegatto Seton the Jt 1 2017, due dat, when the exchange rate was 8 | ‘pests St Ins mame statement rte yer ended December 31,2017, what amount should Set incu @s 2 |— foreign curency transaction qin or loss? | } 1) 34 Ocsember 20te + Carcutation of “Forcign exchange gain or loss : Foreign exctarge gain or (toss) >) __* Armount received - Gate value at the time of biting * $415.00 - $4 20.000 =(4 5.000) ce 2) 21 Qesember 2oie oe Foreign exchorge ain or (loss) (Spot rate on purchase - Current Spor rate) = (1.20 ~ $1.24) x 10,000 + ($40) i : 3) 2017 “Foreign exchamge gain or (108s): ~ = Vaiue of note on Oecember 31, 20te - Value of note on Maturitas = $240.c0 ~ $28.00 = (440.000) Scanned with CamScanner y4.) 34 DeSember 2017 Foreign exchange gain or (loss) = - = Value of note on Decenber 31,2016 - Value of note on Maturity $440.00 - (840.00 /8) x $4 $140.0 - $ 105.000 2.000) AVVADDD QODODOODDOO900HE0O8B80808 8 Scanned with CamScannerfs 31,2016, areas fons sio.sio imports merchandise rom some Canadan companies and exerts ‘The unnusted accounts cevaminated in Canadian doars at December the sale of merandise on December 16 50,48) Canaan dollars diate Janay 18.2017 | Accrant uyable Ft for merchandise received siys290 j Devenir 2 anal quyabe om January 80.2017, Bling 27804 Canadian dollar rt rxenabh as Bal xchange rates on selected dates areas follows: December 31, 2016 $0,680 {L January 15,2017 0.675 | Yanuary 30, 2017 50.685 ee REQUIRED : es 4 Determine the net exchange gain or los from the ewo transactions that will be included in Mo's income Sarg sxalement for 2016, | 2, Determine tenet exchange gain or loss from setdement ofthe two transactions that wil be included in ‘Meo's 2017 income statement. Le 1) Exenange gain oF 183 in sof Account ceceivarie December 10 — Occember 84 adjusted baiance __ 180.00 C$ x $ 0.680 “Accoune ayabie Oecemver 2 4 198.a80 Occember 31 adjusted balance 2¥s.co0 C4 x 40.680 $ 18.00 We exchange gin for fom 2) Exchange cin or 108s in aore : Account Feceivarie adusted 31/17 — $102.c00 Account receivable 180.00 CF x $0.095 ~Aecount payne adjusted 81/1¥ $184.00 : ~~ Account Payable 80/1 / = ee 245.@0 ch x $ 0.085 $ ee I eee ee eee exchange 108s Por 201% ee = wfoate5) ei) Scanned with CamScanner