Suppose there is an international transaction in country K. If you prepare the BoP statement, write the accounting entry for this transaction. An enterprise in country K earned $1 million from overseas investment, of which $550,000 was used for local reinvestment, $250,000 was bought local goods and shipped back to Country K, and $200,000 was transferred back to Country K and sold to the government in exchange for domestic currency.

Debit

Credit