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An Accountant Has Debited an Asset Account for $1,300 and Credited

Question 93

Multiple Choice

An accountant has debited an asset account for $1,300 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 $800.
B) Credit another liability account for $800.
C) Credit a Stockholders' account for $800.
D) Debit a Stockholders' account for $800.

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