The figure below is a depiction of a T-account.
Account
1,700 Beg.
1,200 800
3,300 End.
Which of the following statements is correct?
A) The account could be a liability account.
B) During the period, a journal entry was recorded that included a credit to the account for $800.
C) The amount reported to stockholders at the end of the period for this account is $3,300.
D) All of the other answers provide a correct statement.
Answer: D
