3.5 Preparing a Trial Balance During the month of May, Apex Industries recorded a $3,000 debit to an expense account. Which of the following explanations of this transaction is the MOST accurate? This entry indicates that Apex incurred $3,000 in expenses. It also suggests that the firm may have recorded a $3,000 debit to an asset account in order to offset the corresponding decrease in shareholders' equity. This entry indicates that Apex incurred $3,000 in expenses. It also suggests that the firm may have recorded a $3.000 debit to an asset account in order to offset the corresponding increase in shareholders' equity, This entry indicates that Apex incurred $3,000 in expenses. It also suggests that the firm may have recorded a $3.000 credit to an asset account in order to offset the corresponding increase in shareholders' equity, This entry indicates that Apex incurred $3,000 in expenses. It also suggests that the firm may have recorded a $3,000 credit to an asset account in order to offset the corresponding decrease in shareholders' equity Submit Answer Save for Later