8/17/2019 Jawaban Tugas Bab 11

1/4

E11-7 Foreign Purchase Transaction

a. Denominated in Swiss francsRone Imports reports in U.S. dollars

12/1/X1 12/31/X1 1/15/X2

TransactionDate

Balance SheetDate

SettlementDate

Direct!chan"e

Rate#.$% #.&& #.&'

(. Decem(er 1) 2%X1 In*entor+ ,or - rchases 1%)5%% 0cco nts -a+a(le ,S r 1%)5%%

#1%)5%% S r

15)%%% ! #.$%Decem(er 31) 2%X1 0cco nts -a+a(le ,S r &%% orei"n rrenc+ Transaction 4ain &%% Re*al e forei"n c rrenc+ pa+a(le to e i*alent U.S. dollar *al e6 # 7)7%% S r 15)%%% ! #.&& Dec. 31 spot rate 81%)5%% S r 15)%%% ! #.$% Dec. 1 spot rate # &%% S r 15)%%% ! ,#.&& 8 #.$%

9an ar+ 15) 2%X2 orei"n rrenc+ Transaction :oss 3%% 0cco nts -a+a(le ,S r 3%% Re*al e pa+a(le to c rrent U.S. dollar e i*alent6 #1%)2%% S r 15)%%% ! #.&' 9an. 15) 2%X2) *al e 8 7)7%% S r 15)%%% ! #.&& Dec. 31) 2%X1) *al e # 3%% S r 15)%%% ! ,#.&' 8 #.&&

0cco nts -a+a(le ,S r 1%)2%% orei"n rrenc+ Units ,S r 1%)2%% #1%)2%% S r 15)%%% ! #.&'

0cco nts -a+a(le ,S r

,S r

15)%%% ! #.$% 12/1/X1 1%)5%% 09 12/31/X1 &%%,S r 15)%%% ! #.&& Bal 12/31/X1 7)7%%

09 1/15/X2 3%%,S r 15)%%% ! #.&' Bal 1/15/ X2 1%)2%%

1/15/X2 Settlement 1%)2%%Bal 1/1&/X2 8%8

8/17/2019 Jawaban Tugas Bab 11

2/4

E11-8 Adjusting Entries for Foreign Currency Balances

a. Decem(er 31) 2%X& 0cco nts Recei*a(le , ; 1%)%%% orei"n rrenc+ Transaction 4ain 1%)%%% 0d< st recei*a(le denominated in "+ptian po nds to c rrent U.S. dollar e i*alent and reco"ni=e e!chan"e "ain6 #'3)&%% ;>$5)%%% ! #.1$& Dec. 31 spot rate 8 $3)&%% -read< sted Dec. 31) 2%X&) *al e #1%)%%%

0cco nts -a+a(le ,? 5)2%% orei"n rrenc+ Transaction 4ain 5)2%% 0d< st pa+a(le denominated in forei"n c rrenc+ to c rrent U.S. dollar e i*alent and reco"ni=e e!chan"e "ain6

#1$5)3%% -read< sted Dec. 31) 2%X&) *al e 8 1$%)1%% ?21)%%%)%%% ! #.%%'1) Dec. 31 spot rate # 5)2%%

(. 0cco nts Recei*a(le , ; 1)7%% orei"n rrenc+ Transaction 4ain 1)7%% 0d< st recei*a(le denominated in "+ptian -o nds to e i*alent U.S. dollar *al e on settlement date6 #'5)5%% ;>$5)%%% ! #.1'% 2%X$ collection date *al e 8 '3)&%% ;>$5)%%% ! #.1$& Dec. 31) 2%X&) spot rate # 1)7%% ;>$5)%%% ! ,#.1'% 8 #.1$&

ash 1&>)%%%orei"n rrenc+ Units , ; '5)5%%

0cco nts Recei*a(le , ; '5)5%% 0cco nts Recei*a(le ,# 1&>)%%% ollect all acco nts recei*a(le.

c. 0cco nts -a+a(le ,? &)3%% orei"n rrenc+ Transaction 4ain &)3%% 0d< st pa+a(le to e i*alent U.S. dollar *al e on settlement date6 #1&3)'%% ?21)%%%)%%% ! #.%%$' 2%X$ pa+ment date *al e 8 1$%)1%% ?21)%%%)%%% ! #.%%'1 Dec. 31) 2%X&) spot rate # &)3%% ?21)%%%)%%% ! ,#.%%$' 8 #.%%'1

0cco nts -a+a(le ,# '&)%%% 0cco nts -a+a(le ,? 1&3)'%% orei"n rrenc+ Units ,? 1&3)'%% ash '&)%%% -a+ment of all acco nts pa+a(le.

8/17/2019 Jawaban Tugas Bab 11

3/4

E11-8 ,contin ed

d. Transaction "ain on ;6Decem(er 31) 2%X& #1%)%%% "ainDecem(er 31) 2%X$ 1)7%% "ain @*erall #11)7%% "ain

e. Transaction "ain on ?6Decem(er 31) 2%X& # 5)2%% "ainDecem(er 31) 2%X$ &)3%% "ain @*erall #11)5%% "ain

f. @*erall forei"n c rrenc+ transactions "ain64ain on ; transaction #11)7%%4ain on ? transaction 11)5%%

#23)>%%

hocolate De8:ites co ld ha*e hed"ed its e!posed position. The e!posedpositions are onl+ those denominated in forei"n c rrenc+ nits. The acco ntsrecei*a(le denominated in ; co ld (e hed"ed (+ sellin" ; in the forwardmarAet) there(+ locAin" in the *al e of the ;. The acco nts pa+a(ledenominated in ? co ld (e hed"ed (+ ( +in" ? in the forward marAet) there(+locAin" in the *al e of the ?.

8/17/2019 Jawaban Tugas Bab 11

4/4

E11-9 Purchase with Forward E change Contract

3/1% &/'

Transaction Date 8 0cco nt pa+a(le in # 8 Si"n 7%8da+ to recei*e #

Settlement Date8 Recei*e # from

completion8 Settle pa+a(le in #

arch 1%In*entor+ ,or - rchases 1$)1%% 0cco nts -a+a(le , # 1$)1%% orei"n p rchase of en"ines6 #1$)1%% #3%)%%% ! #.5$

orei"n rrenc+ Recei*a(le from

!chan"e BroAer , # 1$)>%% Dollars -a+a(le to !chan"e BroAer ,# 1$)>%% Si"ned 7%8da+ forward e!chan"e contract to recei*e #6 #1$)>%% #3%)%%% ! #.5' forward rate

9 ne 'orei"n rrenc+ Recei*a(le from BroAer , # &%%

orei"n rrenc+ Transaction 4ain &%% Re*al e forei"n c rrenc+ recei*a(le to c rrent e i*alent U.S. dollar *al e6 #1')%%% #3%)%%% ! #.&% 9 ne ' spot rate 8 1$)>%% #3%)%%% ! #.5' ar. 1% forward rate # &%% #3%)%%% ! ,#.&% 8 #.5'

orei"n rrenc+ Transaction :oss 7%% 0cco nts -a+a(le , # 7%% Re*al e forei"n c rrenc+ acco nts pa+a(le to c rrent U.S. dollar *al e6 #7%% #3%)%%% ! ,#.&% 8 #.5$

Dollars -a+a(le to !chan"e BroAer ,# 1$)>%% ash 1$)>%% -a+ U.S. dollars to e!chan"e (roAer for forward contract.

orei"n rrenc+ Units , # 1')%%% orei"n rrenc+ Recei*a(le from !chan"e BroAer , # 1')%%% Recei*e anadian dollars from e!chan"e (roAer6 #1')%%% #3%)%%% ! #.&% spot rate

0cco nts -a+a(le , # 1')%%% orei"n rrenc+ Units , # 1')%%%

Settle forei"n c rrenc+ pa+a(le.