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Zugar Company is domiciled in a country whose currency is the dinar. Zugar begins 2020...

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Accounting

Zugar Company is domiciled in a country whose currency is the dinar. Zugar begins 2020 with three assets: cash of 20,200 dinars, accounts receivable of 80,200 dinars, and land that cost 202,000 dinars when acquired on April 1,2019. On January 1,2020, Zugar has a 152,000 dinar note payable, and no other liabilities. On May 1,2020, Zugar renders services to a customer for 122,000 dinars, which was immediately paid in cash. On June 1,2020, Zugar incurred a 102,000 dinar operating expense, which was immediately paid in cash. No other transactions occurred during the year. Currency exchange rates for 1 dinar follow:
\table[[April 1,2019,$0.35=1 dinar],[January 1,2020,0.38=1
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