An Accountant Has Debited an Asset Account for $2,000 and Credited

question 6

Multiple Choice

An accountant has debited an asset account for $2,000 and credited a liability account for $1,000.What can be done to complete the recording of the transaction?

• A)Nothing further must be done.
• B)Debit a stockholders' equity account for $1,000.
• C)Debit another asset account for $1,000.
• D)Credit a different asset account for $1,000.

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Definitions:

Zygomatic

Pertaining to the zygomatic bone, which is a bone in the cheek area of the face that forms part of the orbit of the eye.

Axial Skeleton

Skull, vertebral column, and rib cage.

Rib

In anatomy, a rib refers to any of the long, curved bones forming the rib cage, which protects the chest cavity and supports the upper body.

Clavicle

A long bone that serves as a strut between the shoulder blade and the sternum or breastbone, also known as the collar bone.