On September 3, 2008, Jackson Corporation purchases goods for a U.S. dollar equivalent of $17,000 from a Swiss company. The transaction is denominated in Swiss francs (SFr). The payment is made on October 10. The exchange rates were: Date Exchange Rate September 3 i Swiss franc- $0.85 October 10 1 Swiss franc- $0.90 What entry is required to revalue foreign currency payable to U.S. dollar equivalent value on October 10? O a. Debit Foreign Currency Transaction Loss for $1,000 and credit Accounts Payable (SFr) for $1,000. O b. Debit Accounts Payable (SFr) for $850 and credit Foreign Currency Transaction gain for $850. O c. Debit Foreign Currency Transaction loss for $850 and credit Accounts Payable (SFr) for $850. d. Debit Accounts Payable (SFr) for $1,000 and credit Foreign Currency Transaction gain for $1.000