Lincoln Corporation, a U.S. manufacturer, both imports needed materials and exports finished products. Their receivables and payables are listed below, prior to year-end adjustments or preparation of the closing entries. Balance Foreign Per Books Current Currency in U.S. Rate at Units Dollars 12/31/X4 ACCOUNTS RECEIVABLE japanese yen 14,678,000 160,000 $0.0120 Euros 50,000 61,860 1.4235 Hungarian forint 50,000,000 220,000 0.0053 TOTAL 441,860 ACCOUNTS PAYABLE Euros 50,000 61,890 $1.4235 Mexican pesos 1,250,000 99,875 0.0845 Indian rupee 4,000,000 86,400 0.0223 TOTAL 248,165