Thanks for the reply.  The situation I am in Is I can EITHER zero out the foreign bank account OR the balance sheet.  If I use a journal entry to zero out the balance sheet entry then the foreign bank account is out of balance.  I do not know of a transaction that can satisfy both.   
I do realize that the "natural consequence of engaging in transactions involving different currencies. " In fact it does represent an actual gain or income for the scenario where the amount of the balance sheet is positive.