How would you categorize these transactions and why?.

What is considered a credit and a debit. Between Income receipts and payments, which one is credit and debit?

I understand that Imports (residents of country A pay to country C) is a (-)debit, and exports (foreigner pays to country A resident) are (+)Credit.

1. Country A's firms export to Country B $100 worth of grain

2. Country A's firms import from Country C $500 worth of steel

3. Country A's residents buy Country C's government bonds for $1000

4. Country A's workers resident in Country B receive $500 in wages

5. Country A's residents receive $50 in interest from Country C's bonds they owned

6. Country A's residents pay $100 in dividends on Country C's investments in Country A

7. Country A's central bank acquires $1000 worth of Country C's currency

What is the net contribution to the Current Account Balance of Country A of these entries?

You need to select the entries that constitute current account entries, and then decide which one are credits and which one are debits. Finally, sum up the contributions of these entries.

thanks!