An accountant has debited an asset account for $1080and credited a liability account for $540. What can
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Question:
An accountant has debited an asset account for $1080and credited a liability account for $540. What can be done to complete the recording of the transaction?
Nothing further must be done.
Debit a stockholders' equity account for $540.
Credit a different asset account for $540.
Debit another asset account for $540.
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