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Conway Company had a transaction that caused a $ 7 , 0 0 0 increase in both assets and liabilities. This transaction could have been
Conway Company had a transaction that caused a $ increase in both assets and liabilities. This transaction could have been an
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purchase of office equipment for $ cash.
investment of $ cash in the business by the stockholders.
purchase of $ of inventory on credit.
repayment of a $ bank loan.
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