1.

Suppose the parent company in the United States ($) has a subsidiary in Switzerland
(Swiss Franc/SF), the data are as follows:
Balance Sheet

Per 1 Januari 2018 (SF)

Assets SF 100.000,- Obligation SF 60.000,-

Capital Stock 20.000,-

______________ R/E 20.000,-

SF 100.000,- SF 100.000,-
========== =========
During 2018, the subsidiaries entered into the following transactions:

1. Borrowing from a local bank of SF. 10,000,-

2. Sales/Revenue SF. 15.000,-
Expenditure SF. 10.000,-
Profit ............................ SF 5.000,-

Notes :
The Swiss franc was worth $0.60 on 1/1/2018 and $0.50 on December 31, 2018.
Requested:
1. Make the required journal?.
2. SF's final balance sheet as of December 31, 2018?
3. Translate child statements to parent in $?