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Given the Following Two T-Accounts,what Can Definitely Be Said About

Question 63

Multiple Choice

Given the following two T-accounts,what can definitely be said about this company's transactions?
 Cash  Acc. Receivable  (1)  17,700700(2)  (3)  1,4001,900(4)  (3)  400700(5) (4) 1,900\begin{array}{ccc}\text { Cash } & \text { Acc. Receivable } \\\text { (1) } 17,700 \mid700(2) & \text { (3) } 1,400\mid 1,900(4) \\\text { (3) } 400\mid700(5) & \mid\\(4) 1,900\mid&\mid\end{array}


A) Transaction 1 indicates the company sold merchandise for $17,700.
B) Transaction 2 indicates the company bought merchandise for $700.
C) Transaction 3 indicates the company returned merchandise for $1,000.
D) Transaction 4 indicates the company received $1,900 from its credit customers.
E) Transaction 5 indicates the company paid $700 in salaries.

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