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Jon-Jan Restaurants purchased green rice, a special variety of rice, from China for 100,000 renminbi on November 1,20X8. Payment is due on January 30, 20X9. On November 1,208, the company also entered into a 90-day forward contract to purchase 100,000 renminbi. The forward contract is not designated as a hedge. The rates were as follows: The entries on December 31,208, include a: Credit to Foreign Currency Payable to Exchange Broker, $300. Debit to Foreign Currency Receivable from Exchange Broker, $300. Debit to Financial Expense $300 Debit to Foreign Currency Receivable from Exchange Broker, $12,600