On May 1, 20X1, Aero Electric Corporation, a U.S. company, purchased goods from Neon Circuit Corporation, a British company, on account for 55,000. Aero Electric entered into a 180-day forward exchange contract to offset its exposed foreign currency liability. On the purchase date, the spot rate was $1.57 per British pound and the forward exchange rate was $1.62 per pound. Which of the following are true of the journal entry recorded for the forward contract on Aero Electric's books? (Select all that apply) Debit Foreign Currency Receivable from Exchange Broker () for $86,350. Credit Dollars Payable to Exchange Broker ($) for $86,350. O Credit Dollars Payable to Exchange Broker ($) for $89,100. O Debit Foreign Currency Receivable from Exchange Broker () for $89,100