An accountant has debited an expense account for $1230 and credited an asset account for $530. Which of the following is a correct way to complete the recording of the transaction? O Debit an asset account for $700. O Debit a liability account for $700. O Credit a liability account for $700. O Debit an owner's equity account for $700.

An accountant has debited an expense account for $1230 and credited an asset account for $530. Which of the following is a correct way to complete the recording of the transaction? Debit an asset account for $700. Debit a liability account for $700. Credit a liability account for $700. Debit an owner's equity account for $700. An accountant has debited an expense account for $1230 and credited an asset account for $530. Which of the following is a correct way to complete the recording of the transaction? Debit an asset account for $700. Debit a liability account for $700. Credit a liability account for $700. Debit an owner's equity account for $700