On November 12,Kera,Inc B) C) D) E)

On November 12,Kera,Inc.,a U.S.Company,sold merchandise on credit to Kakura Company of Japan at a price of 1,500,000 yen.The exchange rate was $0.00837 on the date of sale.On December 31,when Kera prepared its financial statements,the exchange rate was $0.00843.Kakura Company paid in full on January 12,when the exchange rate was $0.00861.On January 12,Kera should prepare the following journal entry for this transaction:

A)
$\begin{array}{|ll|r|}\hline \text {Cash } &12,915\\ \text { Accounts Receivable - Kalura Company } &&12,555\\ \text { Foreign Exchange } &&360\\\hline \end{array}$

B)
$\begin{array}{|l|c|}\hline \begin{array}{l}\text { Cash} \\\text { Foreign Exchange Loss... }\end{array} & \begin{array}{r}12,555 \\360\end{array} \\\hline \text { Accounts Receivable-Kakura Company. } & &12,915\\\hline\end{array}$

C)
$\begin{array}{|l|c|c|}\hline \text { Cash.. } & 12,915 & \\ \text { Accounts Receivable - Kakura Company. } & & 12,645 \\\hline\text { Foreign Exchange Gain. }&&90\\ \hline\end{array}$

D)
$\begin{array}{|l|c|c|}\hline \text { Cash. } & 12,645 & \\ \text { Foreign Exchange Loss. } & 90 & \\\hline \text { Accounts Receivable }-\mathrm{K} & & 12,915 \\\hline\end{array}$

E)
$\begin{array}{|l|c|c|}\hline \text { Cash. } & 12,915 & \\\hline \text { Foreign Exchange Gain. } & & 270 \\\hline \text { Accounts Receivable - Kakura Co. } & & 12,645 \\\hline\end{array}$