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An accountant has debited an asset account for $9000 and credited an expense account for $11000. Which of the following would be the correct way
An accountant has debited an asset account for $9000 and credited an expense account for $11000. Which of the following would be the correct way to complete the recording of the transaction?
Credit a liability account for $2000.
Credit a shareholders equity account for $2000.
Credit an asset account for $11000.
Debit a shareholders equity account for $2000.
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