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Date Account Debit Credit
Interest $5,400. Principal $150,000. Total $155,400. Borrowing ($100,000.00) Net cash flow $55,400. Outflow Inflow
a)
b)
a) 6/30/2021 7,000 6,000 1,000 (1,000) 9/1/2021 20,000 20,000 (1,000) Impact Net Income (2,000) b)
- Ch 7 – P - 9/15/2021 Cash 60, - Account receivable 60, - 9/30/2021 Account receivable 6, - Foreign exchange gain 6,
- 10/15/2021 Foreign exchange loss 4, - Account receivable 4,
- 10/30/2021 Cash 62, - Account receivable 62,
- Ch 7 – P
- 15, Dec Inventory 14, Date Account Debit Credit - Account payable 14,
- 31,Dec Foreign exchange loss 1, - Account payable 1,
- 15,Jan Foreign exchange loss 1,
- Account payable 15, - Cash 16,
- Ch 7 – P - 9/30/2017 Bank A/C 100, Date Account Debit Credit - Loan 100, - Interest expense - Interest payable
- 12/31/2017 Exchange different rate A/C 5, - Loan 5, - Profit and loss 5, - Interest expense - Exchange different rate 5,
- 9/30/2018 Interest expense 1, Date Account Debit Credit - Interest payable 1, - Interest expense - Interest payable
- 12/31/2018 Exchange different rate A/C 20, - Loan 20, - Profit and loss 22, - Interest expense 2, - Exchange different rate 20, - Interest expense 2, Date Account Debit Credit - Interest payable 2,
- 12/30/2019 Exchange different rate A/C 25, - Loan 25, - Profit and loss 27, - Interest expense 2, - Exchange different rate 25, - Titles
- Loan amount 100,000 100,000 100,
- Interest cost 525 2,425 2,
- Exchange different 5,000 20,075 25,
- Total effective cost 5,525 22,500 27,
- Ch 7 – P - 12/1/2017 Account receivable 43, Date Account Debit Crdit - Sales revenue 43, - Account receivable 1, - Exchange gain 1, - Accumulated other comprehensive income 1,
- 12/31/2017 Forward contract 1, - Loss contract 1, - Accumulated other comprehensive income 1, - Accumulated other comprehensive income - Premium revenue - Account receivable 2, - Sales revenue 2, - Accumulated other comprehensive income - Forward contract - Loss contract 2, - 3/1/2018 Accumulated other comprehensive income 2, - Accumulated other comprehensive income - Premium revenue - Foreign currency 47, - Account receivable 47, - Cash 44, - Forward contract 2, - Foreign currency 47, - Sales revenue 43, Title Amount - Exchange gain 1, - Revenue Loss contract (1,600) - Total 43, - Exchange gain 2, Title Amount - Premium revenue Loss contract (2,400) - Total - Both period 44, - 12/1/2017 Account receivable 43, Date Account Debit Crdit - Sales revenue 43, - Account receivable 1, - Exchange gain 1,
- Accumulated other comprehensive income 1,
- 12/31/2017 Forward contract 1, - Loss contract 1, - Accumulated other comprehensive income 1, - Accumulated other comprehensive income - Premium revenue - Account receivable 2, - Sales revenue 2, - Accumulated other comprehensive income - Forward contract - Loss contract 2, - Accumulated other comprehensive income 2,
- 3/1/2018 Accumulated other comprehensive income - Premium revenue
- Foreign currency 47,
- Cash 44,
- Forward contract 2,
- Sales revenue 43, Title Amount
- Exchange gain 1,
- Total 42, Loss contract (1,961)
- Exchange gain 2, Title Amount
- Total 1, Loss contract (839)
- Both period 44,
- Ch 7 – P - 6/1/2021 Inventory 852, Date Account Debit Credit - Account payable 852, - Foreign currency 2, - Cash 2,
- 6/30/2021 Exchange loss 6, - Account payable 6, - Foreign currency 5, - Gain on foreign 5,
- 9/1/2021 Exchange loss 14, - Account payable 14,
- Foreign currency 13, - Gain on foreign 13,
- Foreign currency 872, - Cash 852, - Foreign currency 20,
- Account payable 872, - Foreign currency 872,
- 6/1/2021 2,000 2, Date Fair Value Intrinsic Value Time Value Change Value
- 6/1/2021 Inventory 852, Date Account Debit Credit - Account payable 852,
- 6/30/2021 Exchange loss 6, - Account payable 6, - Foreign currency 5, - Gain on foreign 5,
- 9/1/2021 Exchange loss 14, - Account payable 14,
- Foreign currency 13, - Gain on foreign 13,
- Foreign currency 872, - Cash 852, - Foreign currency 20,
- Account payable 872, - Foreign currency 872,
Title Amount Foreign exchange loss (20,000) Gain on foreign 18, Impact Net Income (2,000)
