| Leg | Subsidiary | Account | Intercompany account | Amount (USD) | FX rate | Local amount | Journal entry |
|---|---|---|---|---|---|---|---|
| From | Northwind US | 10100Mercury Checking Sep 2026 UK operating funding | 14000Due from Northwind UK | $200,000.00 | 1 | $200,000.00 | JE-001368 |
| Destination 1 | Northwind UK | 10300Barclays GBP Operating Sep 2026 UK operating funding | 24000Due to Northwind US | $200,000.00 | 0.75815 | £151,630.02 | JE-001369 |
Each leg posts in its subsidiary's currency; the Elimination entry nets the Due From / Due To balances (and intercompany income / expense) so consolidated reports don't double count.
| Account | Debit | Credit |
|---|---|---|
| 14000Due from Northwind UK | $200,000.00 | |
| 10100Mercury Checking | $200,000.00 |
| Account | Debit | Credit |
|---|---|---|
| 10300Barclays GBP Operating | £151,630.02 | |
| 24000Due to Northwind US | £151,630.02 |
| Account | Debit | Credit |
|---|---|---|
| 24000Due to Northwind US | $200,000.00 | |
| 14000Due from Northwind UK | $200,000.00 |