Kenyon Company Experienced a Transaction That Had the Following Effect

Kenyon Company experienced a transaction that had the following effect on the financial statements:

Which of the following business events would result in this effect on the financial statements?

A) Paid for merchandise that had been purchased on account
B) A loss on land that was sold for cash
C) Return by a customer of a sale that was made on account
D) Return to a supplier of merchandise purchased on account