A U.S. company purchased inventory on account at a cost of 1,000 foreign currency units (FCU) from a non‐U.S. company on November 15, to be paid on December 15. The FCU is valued at $0.85 on November 15 and at $0.90 on December 15. The journal entry to record payment on December 15 should include which of the following?A. Debit inventory and credit cash for $850.B. Debit accounts payable and credit exchange gains and losses for $50.C. Debit accounts payable and credit cash for $850.D. Debit exchange gains and losses and credit accounts payable for $50.