An accountant has debited an asset account for $1,200 and credited a liability account for...
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Accounting
An accountant has debited an asset account for $1,200 and credited a liability account for $300. What can be done to complete the recording of the transaction? 9. A. Debit a Stockholders' equity account for $900. B. Debit another asset account for $900. C. Credit a different asset account for $900. D. Nothing further must be done. 10. ABC Company purchased equipment for $2,900, paid $800 in cash, and signed a note for the balanc ABC Company debited the Equipment account, credited Cash and A. debited the retained earnings account for $2,100. B. credited another asset account for $2,100. C. credited a liability account for $2,100. D. nothing further must be done. An accountant has debited an asset account for $1,200 and credited a liability account for $300. What can be done to complete the recording of the transaction? 9. A. Debit a Stockholders' equity account for $900. B. Debit another asset account for $900. C. Credit a different asset account for $900. D. Nothing further must be done. 10. ABC Company purchased equipment for $2,900, paid $800 in cash, and signed a note for the balanc ABC Company debited the Equipment account, credited Cash and A. debited the retained earnings account for $2,100. B. credited another asset account for $2,100. C. credited a liability account for $2,100. D. nothing further must be done

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