In a transaction denominated in Swiss Francs (SFr), on September 3, 2017, Jackson Corporation purchases goods for 20,000 SFr from a Swiss company and pays on October 10. The exchange rates to USD were: September 3: October 10: 1 Swiss franc = 1 Swiss franc = $ 0.85 0.90 Which entry is required to revalue the foreign currency payable to US dollar equivalent value on October 10th? CR DR 1,000 A. Foreign Currency Transaction Loss Accounts Payable (SEC) B. Accounts Payable (SEC) 1,000 850 850 850 850 C. Foreign Currency Transaction Loss Accounts Payable (SEC) D. Accounts Payable (SFr) Foreign Currency Transaction Gain 1,000 1,000