For Scenarios 3, you are required to make all necessary journal entries related to these transactions, including initial transactions, adjusting journal entries on the closing date of the financial year, payment transactions, including transactions for making forward contracts, contract settlements, and settlements. . Include your calculations.

SCENARIO 3 Hedging Transactions From the experience gained during 2015, PT Perkasa recognizes hedging activities. Therefore, in 2016, the company entered into the following transactions On February 10, 2016, PT Perkasa signed a contract to purchase 10,000 rolls of waterproof cloth with Edgar Corp., a company from the United States. The price of 1 unit of cloth roller is US$20. All waterproof fabrics will be delivered on April 10, 2016 and payment will be made on June 10, 2016. To anticipate fluctuations in the US Dollar exchange rate, PT Perkasa purchased a 120-day forward contract worth US$40,000. The forward rate on June 10 is US$1 = Rp13,370. The following provides information on the spot rate and the forward rate. US$1 Forward Rates for Settlement Date 10 June 2016 Cash Exchange Date February 10, 2016 10 April 2016 June 10, 2016. Rp13.470 Rp13.200 Rp13.240 Rp13.370 Rp13.400 (120 days) (60 days) SCENARIO 3 Hedging Transactions From the experience gained during 2015, PT Perkasa recognizes hedging activities. Therefore, in 2016, the company entered into the following transactions On February 10, 2016, PT Perkasa signed a contract to purchase 10,000 rolls of waterproof cloth with Edgar Corp., a company from the United States. The price of 1 unit of cloth roller is US$20. All waterproof fabrics will be delivered on April 10, 2016 and payment will be made on June 10, 2016. To anticipate fluctuations in the US Dollar exchange rate, PT Perkasa purchased a 120-day forward contract worth US$40,000. The forward rate on June 10 is US$1 = Rp13,370. The following provides information on the spot rate and the forward rate. US$1 Forward Rates for Settlement Date 10 June 2016 Cash Exchange Date February 10, 2016 10 April 2016 June 10, 2016. Rp13.470 Rp13.200 Rp13.240 Rp13.370 Rp13.400 (120 days) (60 days)