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A bookkeeper has debited an account for $5,300 and credited a liability account for $2,900. Which of the following would be an incorrect way to
A bookkeeper has debited an account for $5,300 and credited a liability account for $2,900. Which of the following would be an incorrect way to complete the recording of this transaction:
A. Credit another asset account for $2,400.
B. Credit another liability account for $2,400.
C. Credit an expense account for $2,400.
D. Credit the Common Stock account for $2,400.
E. Debit another asset account for $2,400.
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