[The Following Information Applies to the Questions Displayed Below

Multiple Choice

[The following information applies to the questions displayed below.]
The bookkeeper for Wood Mfg.made the following journal entry on January 30,2018:

-This transaction involves:

A) The sale of land and building for $286,000.
B) Payment of $221,000 on a note payable.
C) The receipt of $65,000 cash.
D) An increase in liabilities of $221,000.