The Following T-Accounts Reflect the Correct Posting of a Journal

question 78

Multiple Choice

The following T-accounts reflect the correct posting of a journal entry on January 9, 2017 by Bailey Company: What transaction is represented by the posting?

• A) Bailey sold inventory to a customer for $10,000 on credit.
• B) Bailey bought supplies on credit from a supplier for $10,000 on credit.
• C) Bailey bought supplies from a supplier for $10,000 cash.
• D) Bailey paid a supplier $10,000 cash to pay down the amount owing on their account.
• E) Bailey received $10,000 from a customer in payment of his account.

---

Definitions:

Skill Progression

A systematic approach to incrementally increase the difficulty or complexity of a skill being learned.

Physical Change

An alteration in which the form or appearance of matter is changed, but not its composition.

School Assessment

The evaluation process used in educational settings to measure students' knowledge, skills, and achievements.

Plotting

The act of marking or mapping out points, often used in data analysis to visually display trends or distributions.