A Bookkeeper Has Debited an Asset Account for $3,500 and Credited

question 152

Multiple Choice

A bookkeeper has debited an asset 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 a revenue account for $1,500.
• D)Credit the common stock account for $1,500.
• E)Debit another asset account for $1,500.