The U.S. has the following international trades. Please determine the account type and credit/debit entry from the standpoint of the U.S. for each of the following trades. account type is Current Account account type is Capital Account. account type is Financial Account. account type is Official Reserve Account.

1. Sale of wheat to Great Britain is recorded in ? account as (Credit or Debit). 2. Hotel bills of U.S. tourists in Paris is recorded in 3. Sale of Phantom jets to Canada is recorded in 4. Purchase by the Japanese of U.S. real Estate is recorded in 5.Payments to Indian consultants based in India is recorded in 6. Interest earnings on loans to Argentina is recorded in 7. New investment in a German chemical plant by Du Pont is recorded in 8. Purchase of gold by the U.S. Treasury is recorded in 9. U.S. increases in holdings of Euro in IMF is recorded in 10. Franchise fees earned by Starbucks is recorded in