Dinah Diyanah Burhan

A31115506
Akuntansi Keuangan Lanjutan I

E12 - 10

Various foreign currencydenominated transactions settled in subsequent year

American TV Corporation had two foreign currency transactions during December 2011, as
follows:

December 12 Purchased electronic parts from Toko Company of Japan at an invoice price of
50,000,000 yen when the spot rate for yen was $0.00750. Payment is due on January
11, 2012.
December 15 Sold television sets to British Products Ltd. for 40,000 pounds when the spot rate
for British pounds was $1.65. The invoice is denominated in pounds and is due on
January 14, 2012.

Required
1. Prepare journal entries to record the foregoing transactions.
2. Prepare journal entries to adjust the accounts of American TV Corporation at December 31,
2011, if the current exchange rates are $0.00760 and $1.60 for Japanese yen and British
pounds, respectively.
3. Prepare journal entries to record payments to Toko Company on January 11, 2012, when the
spot rate for Japanese yen is $0.00765, and to record receipt from British Products Ltd. on
January 14, 2012, when the spot rate for British pounds is $1.63.

Jawaban :
1. Desember, 12 Persediaan $ 375.000
Utang dagang $ 375.000
(50.000.000 x $ 0,00750)
Desember, 15 Piutang dagang $ 66.000
Penjualan $ 66.000
(40.000 x $ 1,65)

2. Kerugian atas kurs pada transaksi 12 desember

Kerugian kurs $ 5.000
Utang dagang $ 5.000
(50.000.000 x ($0,00750-$0,00760) )
Kerugian atas kurs pada transaksi 15 desember
Kerugian kurs $ 2.000
Piutang dagang $ 2.000
(40.000 x $ (1,65-1,60) )
3. Januari, 11 Utang dagang $ 380.000
Kerugian kurs $ 2.500
Kas $ 382.500
(50.000.000 x $0,00765)
Januari, 14 Kas $ 65.200
Keuntungan kurs $ 1.200
Piutang dagang $ 64.000
(40.000 x $ 1,63)