An Accountant Has Debited an Asset Account for $900 and Credited

question 61

Multiple Choice

An accountant has debited an asset account for $900 and credited a liability account for $600. What can be done to complete the recording of the transaction?

• A) Debit a stockholders' equity account for $300.
• B)Debit another asset account for $300.
• C)Credit a different asset account for $300.
• D)Nothing further must be done.

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