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: September 3: 1 Swiss franc = $.85 October 10: 1 Swiss franc =$.90 What entry is required to revalue foreign currency payable to U.S. dollar equivalent value on October 10? On March 1, 2008, Wilson Corporation sold goods for a U.S. dollar equivalent of $31,000 to a Thai company. The transaction is denominated in Thai bahts. The payment is received on May 10. The exchange rates were: March 1: 1 baht = $.031 May 10: 1 baht = $.034 What entry is required to revalue foreign currency payable to U.S. dollar equivalent value on May 10