An Australian Company Purchases Goods Worth Baht 60 000 from a Company

An Australian company purchases goods worth Baht 60 000 from a company in Thailand,and the goods are invoiced in Thai baht.At the date of purchase,the exchange rate is $AU 1.00 = Baht 30.At the date the goods are paid for,the exchange rate is $AU 1.00 = Baht 25.The Australian company should make the following entries to record the purchase of the goods and the payment made:

A) $\begin{array} { c l c } \text { A) Dr Inventory } & \$ 2000 & \\\text { Cr Accounts Payable } & & \$ 2000 \\\text { Dr Accounts Payable } & \$ 2000 & \\\text { Cr Cash at Bank } & & \$ 2000\end{array}$
B) $\begin{array} { c r r } \text { B) Dr Inventory } & \$ 1800000 & \\\quad \text { Cr Accounts Payable } & \$ 1800000 \\\text { Dr Accounts Payable } & \$ 1800000 \\\quad \text { Cr Exchange Gain } & & \$ 300000 \\\text { Cr Cash at Bank } & & \$ 1500000\end{array}$
C) C) Dr Inventory $\quad \$ 2000$
Cr Accounts Payable $\quad \$ 2000$
Dr Accounts Payable $\quad \$ 2400$
Cr Exchange Gain $\quad \$ 400$
Cr Cash at Bank $\quad \$ 2000$
D) $\begin{array} { l r r } \text { D) Dr Inventory } & \$ 2000 & \\\quad \text { Cr Accounts Payable } & & \$ 2000 \\\text { Dr Accounts Payable } & \$ 2000 & \\\text { Dr Exchange Loss } & \$ 400 & \\\quad \text { Cr Cash at Bank } & & \$ 2400\end{array}$