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Given the following entries in the debit and credit columns of a BOP Credits(+) Debits(-) 1.Export of goods 6,000 Increase in private assets abroad -6,000

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Given the following entries in the debit and credit columns of a BOP Credits(+) Debits(-) 1.Export of goods 6,000 Increase in private assets abroad -6,000 2. Increase in foreign owned assets in US 12,000 Imports of goods -12,000 3.Export of corn 1,000 Unilateral transfer to UK - 1,000 4.Export of service 2,000 Decrease in foreign private asset In US -2,000 5.Investment income Decrease in foreign private asset Received from UK 2,500 in US -2,500 6.Increase in foreign private Increase in US asset abroad -5,000 asset in US 5,000 (+)28,500 -28,500 Calculate the balance on curent account

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