A transaction has been recorded in the general journal of Todd Company as follows: 
Which of the following could be an explanation for this transaction?
Definitions:
Ratification
The formal approval or confirmation of an act or agreement that was initially unauthorized, making it officially valid.
Ratified
The process of formally approving or confirming a previous act or decision, making it officially valid.
Disaffirmed
The act of denying, rejecting, or nullifying an agreement or contract, especially by a minor.
Intoxicated People
Individuals under the influence of alcohol or drugs to a degree that impairs their abilities and decision-making capacities.
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