A Bookkeeper Has Debited an Asset Account for $3,500 and Credited

A bookkeeper has debited an asset account for $3,500 and credited a liability account for $2,000. Which of the following would be an incorrect way to complete the recording of this transaction:

A) Credit another liability account for $1,500.
B) Credit another asset account for $1,500.
C) Credit the owner's capital account for $1,500.
D) Credit a revenue account for $1,500.
E) Debit another asset account for $1,500.

Correct Answer:

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