18. A business purchased $200 of supplies on credit and recorded the following journal entry: Supplies 200 Accounts payable 200 Which of the following sets of ledger accounts reflects the posting of this transaction? A) Accounts payable Supplies 200 200 B) Supplies 200 Accounts payable 200 c) Supplies 200 Accounts payable 200 D) Supplies Accounts payable 200 200 19. A trader sold goods to Ben on credit. Ben was unable to pay the amount owing and the balance on his account was written off. Which entries will the trader make to write off this irrecoverable debt? DR CR A. Bad debts Sales B. Bad debts Accounts receivable C. Sales Accounts receivable D. Bad debts Accounts payable 20. What business transaction would result in the following double entry being posted: DR Cash at bank CR Sales A. The purchases of goods for resale on credit. B. The receipt of cash from a credit customer. C. A cash sale. D. The cash received from a supplier. (Total: 20 marks)