On January 12 the US$/JPY rate is 108.05. Record the FX revaluation entries for these events. Calculate the FX gain/loss and pass relevant entries for FX translation.

c. The shares are sold on January 29 for $6.80 per share and US$/JPY rate on January 29 is 109.00. Calculate the realized gain or loss and pass entry.

The US$/JPY rate on January 31(settle date) is 109.24.

d. Prepare relevant ledger accounts to give effect to these transactions.