Question: how should I input it using these numbers Category Australian Dollars Exchange Rate U.S. Dollars Cash A$ 44,100 0.60 $ 26,460 Accounts Receivable (net) 72,000
how should I input it using these numbers
Category Australian Dollars Exchange Rate U.S. Dollars Cash A$ 44,100 0.60 $ 26,460 Accounts Receivable (net) 72,000 0.60 43,200 Inventory 86,000 0.60 51,600 Plant and Equipment 240,000 0.60 144,000 Cost of Goods Sold 330,000 0.65 214,500 Depreciation Expense 24,000 0.65 15,600 Operating Expenses 131,500 0.65 85,475 Interest Expense 5,700 0.65 3,705 Dividends Declared 9,000 0.67 6,030 Tota $ 590,570 Accumulated Other Comprehensive 16,760 Income - Translation Adjustment (debit) Total Debits A$ 942,300 $ 607,330 Square Ranching Company Trial Balance Translated December 31, 20X3 (Credits) Category Australian Dollars Exchange Rate U.S. Dollars Accumulated Depreciation A$ 60,000 0.60 $ 36,000 Accounts Payable 53,800 0.60 32,280 Payable to Palermo Incorporated 10,800 0.60 6,480 Interest Payable 3,000 0.60 1,800 12% Bonds Payable 100,000 0.60 60,000 Premium on Bonds 5,700 0.60 3,420 Common Stock 90,000 0.70 63,000 Retained Earnings 40,000 0.70 28,000 Sales 579,000 0.65 376,350 Total Credits A$ 942,300 $ 607,330Step by Step Solution
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