The following T-accounts reflect the correct posting of a journal entry on January 9, 2017 by Bailey Company: Cash (Credit Side of Ledger) 10,000 Accounts Payable (Debit Side of Ledger) 10,000 What transaction is represented by the posting? O al Ob Ok d Bailey bought supplies on credit from a supplier for $10,000 on credit. Bailey bought supplies from a supplier for $10,000 cash. Bailey sold inventory to a customer for $10,000 on credit. Bailey paid a supplier $10,000 cash to pay down the amount owing on their account. What types of account balances are increased by credits? Assets and Liabilities b Liabilities and revenues Owners' equity and expenses Revenues and expenses