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

Question 44

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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