Sammy Ltd Hired a US-Based Consultant to Assist with a Major

Sammy Ltd hired a US-based consultant to assist with a major client’s request to improve its internal control system. The consultant’s invoice for US$300,000 was received by Sammy Ltd on 23 June 2000, and paid on 23 July 2000.
Some spot foreign exchanges rates were:
$\begin{array} { l l l l } \text { 23 June 20X0 } & \text { US\$ } 1.00 & = & \text { A\$ } 1.6667 \\\text { 30 June 20X0 } & \text { US\$ } 1.00 & = & \text { A\$ } 1.5385 \\\text { 23 July 20X0 } & \text { US\$ } 1.00 & = & A \$ 1.6128\end{array}$
-Which is the journal entry to record the foreign exchange difference at 30 June 20X0?

A) $\begin{array}{lrc}\text { Accounts } & \text { Debit } \$ & \text { Credit } \$ \\\text { Accounts payable } & 38460 & \\\text { Consultant's fees } & & 38460\end{array}$

B) $\begin{array}{lrc}\text { Accounts payable } &38460 \\\text { Revenue - FC exchange difference } &&& 38460 \\\end{array}$

C) $\begin{array}{lrc}\text { Accounts payable } &&&14999\\\text { Consultant's fees } & 14999\\\end{array}$


D) $\begin{array}{lrc}\text { Accounts payable } &&&14999\\\text { Expense - FC exchange difference} & 14999\\\end{array}$