Refer to the data in Exercise E12-5, but assume that the dollar is the functional currency for the foreign subsidiary.
In Exercise E12-5

Required
Prepare a schedule remeasuring the December 31, 20X1, trial balance from Swiss francs todollars.

Debit Credit Cash Accounts Receivable (net) Receivable from Popular Creek Inventory Plant & Equipment Accumulated Depreciation Accounts Payable Bonds Payable Common Stock Sales Cost of Goods Sold Depreciation Expense Operating Expense Dividends Paid Total SFr 7,000 20,000 5,000 25,000 100,000 SFr 10,000 12,000 50,000 60,000 150,000 70,000 10,000 30,000 15,000 SFr 282.000