Question 19 Howard Company had a transaction that caused a $5,000 increase in both assets and

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 Question 19

Howard Company had a transaction that caused a $5,000 increase in both assets and total liabilities. This transaction could have been a(n)

 

repayment of a $5,000 bank loan.

 

purchase of office equipment for $12,000, paying $7,000 cash and issuing a note payable for the balance.

 

investment of $5,000 cash in the business by the stockholders.

 

purchase of office equipment for $5,000 cash.

 
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