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A transaction increased a company's assets by $5,000 and increased its liabilities by $5,000.This transaction could have been a(n) Group of answer choices payment for
A transaction increased a company's assets by $5,000 and increased its liabilities by $5,000.This transaction could have been a(n)
Group of answer choices
payment for a one-year insurance policy that will expire next year.
payment of wages to the employees.
receipt of cash in exchange for performing services to a customer.
payment of rent for the month.
a note payable issued to a creditor in exchange for a loan.
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