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An accountant has debited an asset account for $5,000 and credited a revenue account for $10,000. What can be done to complete the recording of the transaction?a) Nothing further can be doneb) Credit a shareholders equity account for $5,000c) Debit another asset account for $5,000d) Credit an asset account for $5,000

Respuesta :

c) Debit another asset account for $5,000

  • The calculation is as follows:

Since the asset is debited for $5,000 and the revenue account is credited for $10,000

So we have to equal both the amount

Asset Dr $5,000

Asset Dr $5,000

        To Revenue $10,000

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