(Solution) If A US Resident Were To Visit Japan And Spend $500 On Food And Shelter, What Entries Would Be Made Into The US Balance Of Payments? | Snapessays.com


(Solution) If a US resident were to visit Japan and spend $500 on food and shelter, what entries would be made into the US balance of payments?


If  a US resident were to visit Japan and spend $500 on food and shelter, what entries would be made into the US balance of payments? A. Travel services - credit of $500; Capital inflow - debit of $500. B. Accounts payable - debit of $500; Goods imports - credit of $500. C. Travel services - debit of $500; Capital inflow - credit of $500. D. Accounts payable - credit of $500; Inventory - debit of $500.

 


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This question was answered on: May 23, 2022

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