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Spring, 2020 Buckeye, Inc 12/31/18 Credits Debits $ 44,100 72,000 86,000 24,0000 $ 60,000 Cash Accounts Receivable (net) Inventory Plant & Equipment Accumulated Depreciation Accounts Payable Interest Payable 12% Bonds Payable Premium on Bonds Common Stock Retained Earnings Sales Cost of Goods Sold Depreciation Expense Operating Expense Interest Expense Dividends Paid 53,800 13,800 100,000 5,700 90,000 40,000 579,000 330,000 24,000 131,500 5,700 9,000 Total $ 942,300 942,300 Total $ 942,300 942,300 Notes 1. Common stock was issued January 1, 2015 2. Retained Earnings historical exchange rate is .88 3. Property, Plant, and Equipment was purchased January 1, 2015 4. Inventory and Cost of Goods Sold historical exchange rate is .72 5. Dividend was paid July 1, 2018 6. Exchange Rates a. January 1, 2015 is.93 b. July 1, 2018 is .64 c. December 31, 2018 is .60 d. 2018 Average is .65 7. The Translation adjustment amount is debit of 44,930 (this is the answer to prove your spreadsheet works) 8. The Remeasurement adjustment amount is a credit of 54,610 (this is the amount to prove your spreadsheet works) Assignment Prepare an Excel spreadsheet (use the template found on Blackboard) to 1. Translate the trial balance 2. Remeasure the trial balance Please email your completed assignment Spring, 2020 Buckeye, Inc 12/31/18 Credits Debits $ 44,100 72,000 86,000 24,0000 $ 60,000 Cash Accounts Receivable (net) Inventory Plant & Equipment Accumulated Depreciation Accounts Payable Interest Payable 12% Bonds Payable Premium on Bonds Common Stock Retained Earnings Sales Cost of Goods Sold Depreciation Expense Operating Expense Interest Expense Dividends Paid 53,800 13,800 100,000 5,700 90,000 40,000 579,000 330,000 24,000 131,500 5,700 9,000 Total $ 942,300 942,300 Total $ 942,300 942,300 Notes 1. Common stock was issued January 1, 2015 2. Retained Earnings historical exchange rate is .88 3. Property, Plant, and Equipment was purchased January 1, 2015 4. Inventory and Cost of Goods Sold historical exchange rate is .72 5. Dividend was paid July 1, 2018 6. Exchange Rates a. January 1, 2015 is.93 b. July 1, 2018 is .64 c. December 31, 2018 is .60 d. 2018 Average is .65 7. The Translation adjustment amount is debit of 44,930 (this is the answer to prove your spreadsheet works) 8. The Remeasurement adjustment amount is a credit of 54,610 (this is the amount to prove your spreadsheet works) Assignment Prepare an Excel spreadsheet (use the template found on Blackboard) to 1. Translate the trial balance 2. Remeasure the trial balance Please email your completed assignment

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