You have been appointed policy advisor of the country Economia. The country is an open economy, has a floating exchange

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You have been appointed policy advisor of the country Economia.
The country is an open economy, has a floating exchange rate regime
and uses the Econ as its currency.
The government is unsure how to record some international
transactions in the Balance of Payment. Show (using the
credit/debit tables) how each of the following transactions should
be recorded in Economia’s Balance of Payments.
You should specify the account that is affected and the
accompanying credit/debit entry.
a. A company in Economia buys a patent from a German company for
1 million Econs.
b. A French worker living and working in Economia sends 500
Econs worth of Economia’s wine to his family in France.
c. A foreign lender forgives 1 million Econs worth of Economia’s
debt.
d. A German engineer receives 1,000 Econs for services provided
to a company in Economia.