Suppose an economics professor receives a $10, 000 royalty check from a foreign publishing company and deposits the amount in a local bank.This transaction would be recorded as:
A)a $10, 000 credit entry in the domestic services account.
B)a $5, 000 debit entry in the domestic capital account.
C)a $20, 000 debit entry in the domestic capital account.
D)a $10, 000 credit entry in the domestic capital account.
E)a $10, 000 debit entry in the domestic services account.

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The Answer of Suppose an economics professor receives a $10, 000 royalty check from a foreign publishing company and deposits the amount in a local bank.This transaction would be recorded as:
A)a $10, 000 credit entry in the domestic services account.
B)a $5, 000 debit entry in the domestic capital account.
C)a $20, 000 debit entry in the domestic capital account.
D)a $10, 000 credit entry in the domestic capital account.
E)a $10, 000 debit entry in the domestic services account.

Suppose an Economics Professor Receives a $10, 000 Royalty Check