During December of the current year 2020, X (American), entered into the following transactions: 1- On 10 December 2020, X sold 7 units of inventory to Y located in Colombia for 1,953,125 pesos. On this date (spot rate $1 = 125 pesos]. 2- On 31 December 2020, suppose that the exchange rate was [$1 = 127 pesos]. 3- On 1 March 2021 the customer from Colombia paid the due amount when exchange rate is [[$1 = 133 pesos]. X uses two transactions approach. The journal entry in the books of X on 10 December 2020 is

a. No journal entry

b. Account receivable debited by 1,953,125 pesos

c. Sales credited by $15625

d. Account payable debited by $15625

During December of the current year 2020, X (American), entered into the following transactions: 1 - On 10 December 2020, X sold 7 units of inventory to Y located in Colombia for 8,541,000 pesos. On this date 1 peso = $0.0027. 2 - On 31 December 2020, suppose that the exchange rate was 1 peso = $0.0026]. 3 - On 1 March 2021 the customer from Colombia paid the due amount when exchange rate is 1 peso = $0.0032. On 31 December 2020 the transaction loss is -----

a. 678

b. 510

c. 900

d. 854