Multiple Choice
An accountant has debited an 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 asset account for $1,500.
B) Credit another liability account for $1,500.
C) Credit an expense account for $1,500.
D) Credit the owner's capital account for $1,500.
E) Debit another asset account for $1,500.
Correct Answer:

Verified
Correct Answer:
Verified
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