An accountant has debited an asset account for $850 and credited a liability account for...
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Accounting
An accountant has debited an asset account for $850 and credited a liability account for $450. What can be done to complete the recording of the transaction? Nothing further must be done. Debit a stockholders' equity account for $400. Credit a different asset account for $400. Debit another asset account for $400. At May 1. Blossom Inc. reported a Cash account balance of $1100 (normal). During the month, the total of the debit entries to the Cash account amounted to $3200 and the total of the credit entries to the Cash account amounted to $2400. At the end of May, Blossom' Cash account has a $4300 debit balance. $2400 credit balance. $1900 debit balance. $2400 debit balance. Current Attempt in Progress Sheridan Company's trial balance reported the following normal balances at the end of its first year: What anount did Sheridan Company's trial balance show as totaf credits? $34190$35960$35370$34780 Current Attempt in Progress Vaughn Manufacturing's trial balance at the end of its first month of operations reported the following accounts and amounts with normal balances: Total credits on Vaughn Manufacturing's trial balance are $32640 $32130 $33150 $33660 At December 1, 2025, a company's Accounts Receivable balance was $18420. During December, the company had credit sales of $50400 and collected accounts recelivable of $40320. At December 31,2025 , the Accounts Recelvable balance is $18820 debit $69220 debit $28900 debit $28900 credit An accountant has debited an asset account for $850 and credited a liability account for $450. What can be done to complete the recording of the transaction? Nothing further must be done. Debit a stockholders' equity account for $400. Credit a different asset account for $400. Debit another asset account for $400. At May 1. Blossom Inc. reported a Cash account balance of $1100 (normal). During the month, the total of the debit entries to the Cash account amounted to $3200 and the total of the credit entries to the Cash account amounted to $2400. At the end of May, Blossom' Cash account has a $4300 debit balance. $2400 credit balance. $1900 debit balance. $2400 debit balance. Current Attempt in Progress Sheridan Company's trial balance reported the following normal balances at the end of its first year: What anount did Sheridan Company's trial balance show as totaf credits? $34190$35960$35370$34780 Current Attempt in Progress Vaughn Manufacturing's trial balance at the end of its first month of operations reported the following accounts and amounts with normal balances: Total credits on Vaughn Manufacturing's trial balance are $32640 $32130 $33150 $33660 At December 1, 2025, a company's Accounts Receivable balance was $18420. During December, the company had credit sales of $50400 and collected accounts recelivable of $40320. At December 31,2025 , the Accounts Recelvable balance is $18820 debit $69220 debit $28900 debit $28900 credit





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