Translation of various foreign currency transactions and balances  LO3, 6 On 1 June 2020, Laurie Ltd, an Australian company with a functional currency of A$, entered into a number of transactions in NZ$ when the exchange rate was A$1.00 = NZ$1.40. Any assets arising from the NZ$ transactions are still on hand and any liabilities remain unsettled. On 30 June 2020, the exchange rate is A$1.00 = NZ$1.20. Required Translate each of the following items for initial and subsequent measurement as appropriate. 1. Sales revenue and accounts receivable of NZ$15 000 2. Inventories and accounts payable of NZ$20 000 3. Plant NZ$30 000 4. Interest-free borrowings of NZ$100 000