An accountant has debited an asset account for $$1,000$ and credited a liability account for $$500.$ Which of the following would be an incorrect way to complete the recording of the transaction?

a$.$ Credit an asset account for $$500.$

b$.$ Credit another liability account for $$500.$

c$.$ Credit an equity account for $$500.$

d$.$ Debit an equity account for $$500.$

Ans: $d$ LO$2$ BT: $K$ Difficulty: Easy TOT: $1$min. AACSB: RT AICPA BB: CT AICPA FN: Reporting