18. On September 3, 20X8, Jackson Corporation purchases goods for a U.S. dollar equivalent of $17,000 from a Swiss company. The transaction is denominated in Swiss francs (SFr). The payment is made on October 10. The exchange rates were: September 3: 1 Swiss franc = $0.85 October 10: 1 Swiss franc = 0.90 What entry is required to revalue foreign currency payable to U.S. dollar equivalent value on October 10? A.Foreign Currency Transaction Loss 1,000 Accounts Payable (SFr) 1,000 B.Accounts Payable (SFr) 850 Foreign Currency Transaction Gain 850 C. Foreign Currency Transaction Loss 850 Accounts Payable (SFr) 850 D.Accounts Payable (SFr) 1,000 Foreign Currency Transaction Gain 1,000