October 31, 2019, Tarling Company negotiated a one-year 100,000-franc loan from a foreign bank at an interest rate of 3% per year. Interest payments are made annually on October 31 , and the principal will be repa October 31 , 2020. Tarling prepares U.S. - dollar financial statements and has a December 31 year - end .

Assuming the above information Prepare all journal entries related to this foreign currency borrowing .

Question 4 6.5 points On October 31, 2017, Tag Company nog one year 100,000 and an ominobatan tres ofertes and Odur 31, 2020. Tring prepares US-ar financial Statements a Deo 31 yan ond Date Franc Rate 10 50 October 31, 2019 December 31, 2010 October 31, 2000 SO $0.00 Required: Assuming the above information Propane will journalisted to us foreign currency bonowing