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.

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Definitions:

Covalent Bonds

Chemical bonds formed by the sharing of electron pairs between atoms.

Intermolecular Bonds

Forces of attraction or repulsion between molecules, crucial for determining the physical properties of substances.

Diamond

The hardest naturally occurring mineral, commonly used as a gemstone and industrial abrasive.

Graphite

A soft, black, greasy-feeling carbon mineral.