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An accountant has debited an asset account for $1480 and credited a liability account for $460. What can be done to complete the recording of
An accountant has debited an asset account for $1480 and credited a liability account for $460. What can be done to complete the recording of the transaction?
a) Nothing further must be done.
b)Debit another asset account for $1020.
c) Credit a different asset account for $1020.
d) Debit an owner's equity account for $1020.
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