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7. The following transactions occurred for Monopoly Enterprises: Issued 1,000 shares of common stock to investors for $5,000 Purchased $1,000 of supplies on account Purchased

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7. The following transactions occurred for Monopoly Enterprises: Issued 1,000 shares of common stock to investors for $5,000 Purchased $1,000 of supplies on account Purchased $5,000 of equipment; paying $2,000 in cash and signing a note for the balance Based on these transactions, Monopoly Enterprises' total assets are: A. $11,000 O B. $10,000 C. $9,000 OD $7,000

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