Explain how each of the following transactions generates two entries-a credit and a debit- in the American balance of payments accounts, and describe how each entry would be classified: An American buys a share of German stock, paying the seller with a $1,000 check on an American bank. Explain how each of the following transactions generates two entries-a credit and a debit- in the American balance of payments accounts, and describe how each entry would be classified: An American buys a share of German stock, paying the seller with a $1,000 check on an American bank.