Explain how each of these transactions would be recordedon the balance of payments ledger of the United States. Remember, all transactions produce two entries: a credit (+) and a debit (-). Each question is worth one point.

1. A Canadian national resident in the United States flies from Washington to Toronto on the Canada airline. The round-trip ticket costs $800.
2. IT company in Virginia contracts with Amphan Global Solution, an Indian company, to provide 20 Indian accountants for a two months to do the annual bookkeeping and accounting in Reston, VA for a payment of $200,000.
3. A U.S. private bank forgives $1 million in debt that a company in Ukraine owes to it but cannot pay.