solve q 16

QUESTION 15 On Dec. 5, 2018, a US firm purchased Inventory on account. The payment for this transaction will be made on March 20, 2018 in 400,000 Pounds. The denominate this transaction is Pounds. True T O False QUESTION 16 On October 1, ABC Corp sells equipment to John Sales Corp for 80,000 UK pounds. Payment will be received on January 5 nest year on October 1, ABC Corp ato entered into a forward contract to (buy/ sell) 80,000 pounds at the rate of $1.28 per pound. What is ABC's worty - that the pound will get stronger or weater? Sell, weaker Sell, stronger Buy, stronger O Buy, weaker QUESTION 17 On Oct 1, ABC Corp sold equipment to John Sales Corp for 80,000 UK Pounds. Payment will be received on Jan 5. On Oct 1, ABC Corp also entered into a forward contract to buy/sell 80,000 Pounds at an exchange rate of $1.28. The spot rate on Oct 1 was $1.32. What is the journal entry to record the forward contract on Oct 12 MacBook Pro 56 902 0 F 10 Dabit E Pocable 102400 nadomedit Dallas Drible in 400 DO 59 + DU F8 10 52