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