6 points 3. On September 1, 2020. Emile Corporation (a US firm) purchased goods for a U.S. dollar equivalent of $18,000 from a Swiss company. The transaction was denominated in Swiss francs (SFr). The payment was made on October 30. The exchange rates were: * September 1: 1 Swiss Franc = $1.8 October 30: 1 Swiss Franc = $1.7 What entry was required to revalue foreign currency payable to U.S. dollar equivalent value on October 30? 1.000 1.800 Foreign Currency Transaction Loss Accounts Payable (SFr) 1.000 Accounts Payable (SF) Foreign Currency Transaction Gain 1.800 O A B. 1.800 1.000 Foreign Currency Transaction Loss Accounts Payable (SFr) 1.800 Accounts Payable (SFr) Foreign Currency Transaction Gain 1.000 D c c