16.A transaction entered in the general journal must consist of A A. only a single debit amount and a single credit amount. B B. only two debits or two credits of equal dollar amount. D E C. only debit entries if liabilities and owners' equity are not affected. D. only credit entries if assets and expenses are not affected. E. none of the above Question 25 2 Points 17.Which of the following statement(s) is/are true? A A. Cost of Goods Sold is an Asset. B B. Cost of Goods Sold is an Expense