Conway Company had a transaction that caused a

$7,000

increase in both assets and liabilities. This transaction could have been

a(n)

\ 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.

Conway Company had a transaction that caused a $7,000 increase in both assets and liabilities. This transaction could have been a(n) 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