An accountant has debited an asset account for $800 and credited a liability account for $700. Which of the following would be an incorrect way to complete the recording of the transaction? Select one
A. Credit an asset account for $100.
B. Credit another liability account for $100.
C. Credit a stockholders' equity account for $100.
D. Debit a stockholders' equity account for $100.
Answers: 1
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