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

question 222

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 liability account for $1,500.
• B) Credit another asset account for $1,500.
• C) Credit the owner's capital account for $1,500.
• D) Credit a revenue account for $1,500.
• E) Debit another asset account for $1,500.

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Definitions:

Normalizing

The process of making something standard, typical, or expected within a certain context or framework.

Directing

The process of guiding, commanding, or controlling a group or an individual to achieve desired goals or tasks.

Challenging

Presenting a task or problem that is difficult to solve or requiring effort to overcome.

Confrontational Responses

Refers to direct and often forceful verbal reactions aimed at challenging or opposing someone's actions or opinions.