pg 3 is the chart

1. Using the balance of payments table provided on p. 3 to show how the following transactions generates two entriesa credit and a debitin the balance of payments accounts for the U.S.: a) Wal-Mart imports $1,000 of consumer electronics from a Chinese producer, with the commitment to pay for the shipment in ninety days. b) Russian oil producers sell $2,000 of petroleum to the United States and they hold the proceeds in dollar bills. c) The U.S. government forgives a $3,000 debt owed by a country in sovereign debt crisis. [Assume that it was a direct loan from the U.S. to the foreign government.] d) The U.S. government receives $4,000 in payment for consulting services it provides to the government of Colombia, which makes payments from its cash holdings of U.S. dollars. e) Ford Motor Company pays a $5,000 dividend to its stockholder who live in Luxembourg by depositing the proceeds in the stockholder's Wells Fargo account. f) An American insurance company sells its Taiwanese subsidiary for $6,000 to a Hong Kong investor who pays in U.S. dollar. g) The United States gives $7,000 worth of food to The Bahamas. h) The Federal Reserve sells $8,000 of U.S. government securities to a British financial firm and use the proceeds to purchase pound sterling for its foreign reserves. i) Boeing receives $9,000 worth of stock in Japan Airlines in payment for airplane parts it exports to that firm. j) A South Korean resident pays her daughter's tuition of $10,000 to the University of Wisconsin-Madison by directing depositing the amount from her dollar-deposit account at Citibank. United States: Balance of Payments Debit Credit Current account Goods Services Income Unilateral transfers Capital account Financial account Private capital Direct investment Portfolio investment Other investment Official reserve assets U.S. official reserves Foreign official reserves 1. Using the balance of payments table provided on p. 3 to show how the following transactions generates two entriesa credit and a debitin the balance of payments accounts for the U.S.: a) Wal-Mart imports $1,000 of consumer electronics from a Chinese producer, with the commitment to pay for the shipment in ninety days. b) Russian oil producers sell $2,000 of petroleum to the United States and they hold the proceeds in dollar bills. c) The U.S. government forgives a $3,000 debt owed by a country in sovereign debt crisis. [Assume that it was a direct loan from the U.S. to the foreign government.] d) The U.S. government receives $4,000 in payment for consulting services it provides to the government of Colombia, which makes payments from its cash holdings of U.S. dollars. e) Ford Motor Company pays a $5,000 dividend to its stockholder who live in Luxembourg by depositing the proceeds in the stockholder's Wells Fargo account. f) An American insurance company sells its Taiwanese subsidiary for $6,000 to a Hong Kong investor who pays in U.S. dollar. g) The United States gives $7,000 worth of food to The Bahamas. h) The Federal Reserve sells $8,000 of U.S. government securities to a British financial firm and use the proceeds to purchase pound sterling for its foreign reserves. i) Boeing receives $9,000 worth of stock in Japan Airlines in payment for airplane parts it exports to that firm. j) A South Korean resident pays her daughter's tuition of $10,000 to the University of Wisconsin-Madison by directing depositing the amount from her dollar-deposit account at Citibank. United States: Balance of Payments Debit Credit Current account Goods Services Income Unilateral transfers Capital account Financial account Private capital Direct investment Portfolio investment Other investment Official reserve assets U.S. official reserves Foreign official reserves