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daniellcharmaine
17.03.2020 •
Business
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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Ответ:
The incorrect way to complete the recording of the transaction D. Debit a Stockholders' account for $800
The calculation is as follows:Here we have to used the accounting equation.
Total assets = Total liabilities + Total stockholder equity
Here
We have to Debited Total assets = $1,300
And, Credited Total liabilities = $500
Therefore, the total stockholder equity is
= $1,300 - $500
= $800
Therefore, the option d is correct.
Learn more: link
Ответ:
D. Debit a Stockholders' account for $800
Explanation:
In this question we use the accounting equation i.e shown below:
Total assets = Total liabilities + Total stockholder equity
where,
Debited Total assets = $1,300
Credited Total liabilities = $500
So, the total stockholder equity is
= $1,300 - $500
= $800
So, the incorrect way is to debit a stockholder equity for $800
Ответ:
12+12=24
Explanation:
e