2. The government is unsure how to record some international transactions in the Balance of Payment. Show (using the cr

[answerhappygod]

2. 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.