A Bookkeeper Has Debited an Account for $3,500 and Credited

question 82

Multiple Choice

A bookkeeper has debited an account for $3,500 and credited a liability account for $2,000.Which of the following would be an incorrect way to complete the recording of this transaction:

• A)Credit another asset account for $1,500.
• B)Credit another liability account for $1,500.
• C)Credit an expense account for $1,500.
• D)Credit the owner's capital account for $1,500.
• E)Debit another asset account for $1,500.

---

Definitions:

Conspiring

Planning secretly with one or more people to do something illegal or harmful.

Elderly People

Individuals, often defined as being 65 years of age or older, who may experience various health and social challenges related to aging.

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, a critical parameter in assessing cardiovascular health.

Very Good Health

A state of physical and mental well-being where an individual experiences high levels of vitality and functioning.