An Accountant Has Debited an Asset Account for $1,200 and Credited

question 6

Multiple Choice

An accountant has debited an asset account for $1,200 and credited a liability account for $500. What can be done to complete the recording of the transaction?

• A) Nothing further must be done.
• B) Debit a Stockholders' equity account for $700.
• C) Debit another asset account for $700.
• D) Credit a different asset account for $700.

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Definitions:

Psychoactive Drugs

Drugs that act on the nervous system to alter consciousness, modify perception, and change moods.

Dopamine

Dopamine is a neurotransmitter that plays a major role in reward-motivated behavior, mood, and the regulation of movement and emotional responses.

Epinephrine

Also known as adrenaline, a hormone and neurotransmitter involved in the body's fight-or-flight response, increasing heart rate, muscular strength, and blood sugar.

Brain's Reward Pathways

Neural pathways in the brain that are activated by reward-related stimuli, playing a key role in the mechanisms of pleasure and reinforcement.