On December $1,2025,$ Page Ltd$.$ entered into an agreement to sell inventory to an Australian company for $200,000$ Australian dollars $($AUD$).$ The inventory was delivered on December $15,2025,$ with the amount due on February $1,2026.$ Both companies have a December $31$ year end. The relevant exchange rates are below:

December $1,2025$

AUD $1=$

$$0\mathrm{.}94$

December $15,2025$

AUD $1=$

$$0\mathrm{.}96$

December $31,2025$

AUD $1=$

$$0\mathrm{.}97$

February $1,2026$

AUD $1=$

$$0\mathrm{.}90$

Page Ltd has made all year end adjusting entries necessary for this foreign currency sale. What entry would be made on Feb $1,2026,$ when payment is received from the customer?

Question $9$ options:

Dr$.$ Accounts Receivable

$180,000$

Dr$.$ Foreign exchange loss

$14,000$

Cr$.$ Cash

$194,000$

Dr$.$ Cash

$180,000$

Dr$.$ Foreign exchange loss

$12,000$

Cr$.$ Accounts receivable

$192,000$

Dr Cash $$194,000$

Cr Foreign Exchange Gain $$2,000$

Cr$.$ Accounts Receivable $$192,000$

Dr$.$ Cash

$180,000$

Dr$.$ Foreign exchange loss

$14,000$

Cr$.$ Accounts receivable

$194,000$