Short accounts payable balance payable balance in the company s (U.S. Company) What the the ledger at 12/31/12? Explain or show your calculation. The "foreign currency transaction" would be settled on January 15, 2013 as follows Direct Amount Currency Exchange Rate 25,000,000 Japanese Yen 0.012005 Debit credit Adj. AVP Balance Cash Impact Date Account 213 112 At 1513 January 15, 2013 Accounts Payable is 325, 125 25,000,000 25,000,000 S 0.013005 0.012005 300,125 Cash IS 325,125 300,125 25,000 Transaction Gain The settlement entry offsets the accounts payable balance as of 12/31/12. The reason for this is that the December 31, 2012 entry adjusted (revalued the accounts payable using the