jewel420
Sep 21, 2010, 08:26 PM
An accountant has debited an asset account for $1,000 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. Credit a different asset account for $500.
c. Debit a stockholders’ equity account for $500.
d. Debit another asset account for $500.
a. Nothing further must be done.
b. Credit a different asset account for $500.
c. Debit a stockholders’ equity account for $500.
d. Debit another asset account for $500.