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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) Debit another asset account for $1,500.

D) Credit the owner's capital account for $1,500.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9401572

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