" Each of the following transactions will affect the balance of payments for the United States. Classify the transactions as either debit or credit entries and indicate which account (capital or current) in the U.S. balance of payments would be affected.

a. A European businesswoman travels to Washington, DC, and spends $2,000 on hotel and food. She pays with a check drawn on a European bank.

b. Samsung sells its cellular phones worth $500,000 to a U.S. phone service provider.

c. Mr. Kwame in the United States sends his nephew in Africa $200 as a graduation gift.

d. Ms. Williams in Atlanta buys a Swiss Treasury Bill.