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Use the Following Information for Questions 18-19

Question 5

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Use the following information for questions 18-19.
On August 25, 2020, Beta Inc. entered into a forward contract to buy 25,000 Krubles (KRB) for $ 3,800 Canadian (CAD) on September 5, 2020. On August 31, 2020, 25,000 KRB can be purchased for $ 3,500 CAD. On September 5, Beta settles the contract but does NOT take delivery of the KRB.
-On September 5, 2020, the KRB is trading at $ 0.15 CAD. The entry to record the settlement of the contract is Use the following information for questions 18-19. On August 25, 2020, Beta Inc. entered into a forward contract to buy 25,000 Krubles (KRB) for $ 3,800 Canadian (CAD) on September 5, 2020. On August 31, 2020, 25,000 KRB can be purchased for $ 3,500 CAD. On September 5, Beta settles the contract but does NOT take delivery of the KRB. -On September 5, 2020, the KRB is trading at $ 0.15 CAD. The entry to record the settlement of the contract is

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