An accountant has debited an asset account for $2,000 and credited an expense account for $4,000.Which of the following would be the correct way to complete the recording of the transaction?
A) Credit an asset account for $4,000.
B) Credit a liability account for $2,000.
C) Credit a shareholders' equity account for $2,000.
D) Debit a shareholders' equity account for $2,000.
Correct Answer:
Verified
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