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The following T-accounts reflect the correct posting of a journal entry on January 9, 2017...

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Accounting

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The following T-accounts reflect the correct posting of a journal entry on January 9, 2017 by Bailey Company: A/P $10,000 debit Cash $10,000 credit What transaction is represented by the posting? a b Bailey sold inventory to a customer for $10,000 on credit. Bailey bought supplies on credit from a supplier for $10,000 on credit Bailey bought supplies from a supplier for $10,000 cash. Bailey paid a supplier $10,000 cash to pay down the amount owing on their account. C od

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