Direct Amount currency Exchange Rate 29,000,000 Taiwan Dollar 0.0375 December 31, 2012 Adjust for currency gain/loss at fiscal year end Debit Credit Date Account At 12/31/12 At 11/20/12 58,000 December 31, 2012 Transaction Loss 29,000,000 29,000,000 0.0375 0.0355 58,000 Accounts Payable 1,087,500 1,029,500 The above entry was made at year-end. Q5. hat is the year ending accounts payable balance (as related to the MiTac purchase