An Accountant Has Debited an Asset Account for $1,000 and Credited

Multiple Choice

An accountant has debited an asset account for $1,000 and credited a liability account for $500. Which of the following would be an incorrect way to complete the recording of the transaction?

A) Credit an asset account for $500.
B) Credit another liability account for $500.
C) Credit an owner's equity account for $500.
D) Debit an owner's equity account for $500.