The double-entry system requires that each transaction must be recorded a. in two sets of books. b. in a journal and in a ledger c. in at least two different accounts. d. first as a revenue and then as an expense. 11. an accountant has debited an asset account for $1,500 and credited a liability what can be done to complete the recording of the transaction? a. credit another asset account for s700. b. credit another liability account for $800. c. dredit an equity accont for $700. d. dredit an equity accont for $800. account for $700.