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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 $7,000 increase in both assets and liabilities. This transaction could have been a(n)
Question 28 options:
purchase of office equipment for $7,000 cash.
investment of $7,000 cash in the business by the stockholders.
purchase of $7,000 of inventory on credit.
repayment of a $7,000 bank loan.

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