On 25 June, Rose Ltd acquires equipment on credit terms from a New Zealand supplier, Brush Ltd, for NZ$240 000. The exchange rate at 25 June was NZ$1.00 = A$0.95. On 30 June the exchange rate is NZ$1.00 = A$0.90. Rose Ltd pays Brush Ltd in full on 7 July when the exchange rate is NZ$1.00 = A$0.92. The journal entry recorded by Rose Ltd to remeasure the outstanding foreign currency monetary unit at 30 June is: 

Select one: 

a. DR Foreign Exchange Loss A $12 000; Payable to Brush Ltd A$12 000 

b. DR Foreign Exchange Loss A $13 235; Payable to Brush Ltd A$13 235 

c. DR Payable to Brush Ltd A $12 000; Foreign Exchange Gain A$12 000 

d. DR Payable to Brush Ltd A $13 235; Foreign Exchange Gain A$13 235