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TUT Chapter 9

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0% found this document useful (0 votes)
6 views

TUT Chapter 9

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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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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

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