Help Save & Exit On November 12, Higgins, Inc, a U.S. Company. sold merchandise on credit to Kagome of Japan at a price of 1,500,000 yen. The exchange rate was $0.00837 on the date of sale. On December 31, when Higgins prepared its financial statements, the exchange rate was $0.00843.Kagome paid in full on January 12, when the exchange rate was $0.00861. On January 12, Higgins should prepare the following journal entry Multiple Choice Debit Cash $12.915; credit Accounts Receivable-Kagome $12.555; credit Foreign Exchange Gain $360. Debit Cash $12,555, debit Foreign Exchange Loss $360, credit Accounts Receivable-Kagome $12,915 Debit Cash $12.915, credit Accounts Receivable-Kagome $12,645, credit Foreign Exchange Gain $90. Debit Cash $12.645, debit Foreign Exchange Loss $90. credit Accounts Receivable-Kagome $12.9185 Debit Cosh $12.915: credit Accounts Receivable-Kagome $12.645: credit Foreign Exchange Gain $270. Prev/20 of 20Next 5 6 7 8 9 Ul