An Accountant Has Debited an Asset Account for $5,000 and Credited

question 125

Multiple Choice

An accountant has debited an asset account for $5,000 and credited a revenue account for $10,000.What can be done to complete the recording of the transaction?

• A)Nothing further can be done.
• B)Credit a shareholders' equity account for $5,000.
• C)Debit another asset account for $5,000.
• D)Credit another asset account for $5,000.

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