Matthias corp. had the following foreign currency transactions during 2017: purchased merchandise from a foreign supplier on january 20 for the u. s. dollar equivalent of $67,200 and paid the invoice on april 20 at the u. s. dollar equivalent of $53,100. on september 1, borrowed the u. s. dollar equivalent of $301,000 evidenced by a note that is payable in the lender's local currency in one year. on december 31, the u. s. dollar equivalent of the principal amount was $322,000. in matthias's 2017 income statement, what amount should be included as a net foreign exchange gain or loss?

Shawshank real estate agency. oct. 1 pete shawshank begins business as a real estate agent with a cash investment of $25,000 in exchange for common stock. 2 hires an administrative assistant. 3 purchases office furniture for $2,900, by paying $700 cash with the balance on account. 6 sells a house and lot for n. kidman, earning a fee of $3,600, with $600 collected in cash and the balance billed to n. kidman. 27 pays $900 on the balance related to the transaction of october 3. 30 pays the administrative assistant $2,300 in salary for october. 31 collects $1,200 of the balance owed by n. kidman. instructions: (a) journalize the transactions. (you may omit explanations.) (b) what balance would shawshank real estate agency report for accounts payable in its october 31 financial statements? in which category of which financial statements would it be found? (c) what balance would shawshank real estate agency report for accounts receivable in its october 31 financial statements? in which category of which financial statements would it be found?