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pls help thanks 9. During July 2017, Petron Corporation had the following transactions with foreign businesses: Billing Exchange Rate Date Nature of Transaction Currency (Direct)

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9. During July 2017, Petron Corporation had the following transactions with foreign businesses: Billing Exchange Rate Date Nature of Transaction Currency (Direct) Vendor A: 7/1/11 Imported merchandise costing 100,000 rupees from Pakistan wholesaler Rupee P.82 7/10/11 Paid 40% of amount owed 83 7/31/11 Paid remaining amount owed .78 Customer A: 7/15/11 Sold merchandise for 50,000 pound to Syrian wholesaler Pound* P.95 7/20/11 Received 20% payment 90 7/30/11 Received remaining amount owed.. .91 *Syrian pound. What is the capitalized cost of inventory purchase from the Pakistan wholesaler? a. P 0 c. P82,000 b. 78,000 d. 83,000 10. Using the same information in No. 9, what is the foreign exchange gain or loss on July 10, 2017 transaction arising from the Pakistan wholesaler? a. PI,000 loss C. P400 gain b. 1,000 gain d. 400 loss 11. Using the same information in No. 9, what is the foreign exchange gain or loss on July 31, 2017 transaction arising from the Pakistan wholesaler? a. P4,000 gain C. P2,400 loss 'b. 4,000 loss d. 2,400 gain 12. Using the same information in No. 9, what is the reportable sales amount in the income statement in 2017 ? a. P38,000 C. P45,500 b. 45,000 d. 47,500

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