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Part 1: Based upon recording Balance of Payment (BOP) transactions. Determine whether or not the following is a debit, credit or no entry to the U....

Part 1:

Based upon recording Balance of Payment (BOP) transactions. Determine whether or not the following is a debit, credit or no entry to the U.S. Balance of Payment statement. Also determine what chart of account is affected (i.e. CA, KA or OSB).

1. U.S. resident purchases Mercedes Benz C230.

2. U. S. resident purchases Chevelot Impala.

3. Foreigner purchases GE dryer.

4. U.S. resident purchases UK stock.

5. U.S. resident borrows funds from British broker to purchase stock.

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