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On 1 December 2016, the Zargan Company, a Turkish manufacturer whose accounting books are kept in compliance with the Turkish Tax Accounting System sells 1,000,000

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On 1 December 2016, the Zargan Company, a Turkish manufacturer whose accounting books are kept in compliance with the Turkish Tax Accounting System sells 1,000,000 USD of goods and ships to the customer (The FX rate is 3.40 TL per USD). The payment method is cash against goods. On 31 December 2016, the company makes adjustments on its books for the year-end (The FX rate is 3.60 TL per USD). On 1 February 2017, the payment is received. US dollar becomes 3.50 TL per USD. In which choice, the correct journal entry on 1 February 2017 is given? Lutfen birini sein Accounts Payable 3,600.000 TL Foreign Exchange Gain Bank Account 100.000 TL 3.500.000 TL Accounts Receivable 3,600.000 TL Foreign Exchange Gain Bank Account 100 000 3.500.000 TL Bank Account 3500.000 TL Foreign Exchange Loss 100.000 TL Export Soles Revenue Bank Account 3D Foreign Exchango los Accounts Receivable

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