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15/9/2023
Account Receivables (Crown) 60000 =0.6*100000
Sales 60000 30/9/2023 Account Receivables (Crown) 6000 Foreign Exchange Gain or Loss 6000 15/10/2023 Foreign Exchange Gain or Loss 4000 Account Receivable 4000 Cash 62000 Account Receivable 62000 15/12/2023 Inventory 14000 AP (Schillings) 14000 31/12/2023 Foreign Exchange Gain or Loss 1000 AP 1000 25/11/2023 Foreign Exchange Gain or Loss 1500 AP 1500 AP 16500 Cash 16500 a. Inventory 10000 b. Cost of Goods Sold 6000 c. Sales 9600 d. Accounts Receivable 9600 e. Accounts Payable 10000 f. Cash 700 1/9/2023 Cash $ 550,000 Note Payable $ 550,000 1/10/2023 Interest Expense $ 15,000 Cash $ 15,000 31/12/2023 Foreign Exchange Gain or Loss $ 70,000 Note Payable $ 70,000 Interest Expense $ 7,750 Interest Payable $ 7,750 31/03/2023 Foreign Exchange Gain or Loss $ 20,000 Foreign Exchange Gain or Loss $ 5,000 Interest Expense $ 8,000 Note Payable $ 620,000 Interest Payable $ 7,750 Cash $ 660,750