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2. Accounting for trade in goods and services Suppose the following transactions occur during the current year: 1. Sam orders 50 cases of beer from

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2. Accounting for trade in goods and services Suppose the following transactions occur during the current year: 1. Sam orders 50 cases of beer from a Dutch distributor at a price of $40 per case. 2. A U.S. company sells 200 transistors to a Spanish company at $15.00 per transistor. 3. Andrew, a U.S. citizen, pays $1,500 for a laptop he orders from Microell (a U.S. compan). 2. Accounting for trade in goods and services Suppose the following transactions occur during the current year: 1. Sam orders 50 cases of beer from a Dutch distributor at a price of $40 per case. 2. A U.S. company sells 200 transistors to a Spanish company at $15.00 per transistor. 3. Andrew, a U.S. citizen, pays $1,500 for a laptop he orders from Microell (a U.S. compan)

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