Pacific Green is a Fijian company with a functional currency of FJD$. The company has entered into numerous transactions denominated in NZD$ during the year ended 30 June 2020. If the closing exchange rate is FJD$1.00 = NZD$0.77, then determine the translated amount that will be included in the financial statements for each of the following balances, providing the necessary journal entries.

1. A loan payable of NZD$800,000 arranged on 1 January 2020 when the exchange rate is FJD$1.00 = NZD$0.60. On 30 June 2020, the outstanding interest on the loan is NZD$20,000.

2. A 6-month forward contract to buy NZD$3,000,000 entered into on 1 April 2020 at the forward rate of FJD$1.00 = NZD$0.72. On 30 June 2020, the forward rate for a 3-month forward contract to buy NZD$3,000,000 is FJD$1.00 = NZD$0.70.