On $1$ January, $2015,$ Hikers Inc., a U$.$S$.-$based company, borrowed $200,000$ on a two$-$year no interest of $4\mathrm{.}5\%.$ The spot rate on this day was $$1\mathrm{.}65$ per pound. The spot rate on $31$ Decem! $$1\mathrm{.}64$ per pound. on December $31,2015$

$41-$ What is the debit side of the adjusting entry to account for this foreign currency $b$ interest expense?

A$.$ Interest Expense

B$.$ Interest revenue

C$.$ Interest Payable

D$.$ interest income

$42-$ What is the credit side of the adjusting entry to account for this foreign currency interest expense?

A$.$ Interest Expense

B$.$ Interest revenue

C$.$ Interest Payable

D$.$ interest income

$43-$ What is the amount of the adjusting entry to account for this foreign currency borrou expense?

A$.$ $$14,850$

B$.$ $$29,520$

C$.$ $$14,760$

D$.$ $$14,760$

$***$Use the following information to answer questions $(44-43)$

Klemer Corporation purchased merchandise on account for $300,000$ Euros. The excha dollar.

$44-$ What is the debit side of the journal entry to record this transaction?

A$.$ Sales revenue

B$.$ Purchases

C$.$ Exchange rate revenue

D$.$ None of the ansi

$45-$ What is the credit side of the journal entry to record this transaction?

A$.$ Accounts receivable

B$.$ Sales expenses

C$.$ Accounts payable

D$.$ None of the an

$46-$ What is the amount of the journal entry to record this transaction

A$.$ $$300,000$

B$.$ $$100,000$

C$.$ $$150,000$

D$.$ None of the an

$47-$ When the goods are paid for, the exchange rate is $3\mathrm{.}5$ Euros to $1$ dollar. The debit side of: $-$

B Sales exnensf