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Conner Sales' Total Assets and Total Liabilities Increased $3,400

Question 25

Multiple Choice

Conner Sales' total assets and total liabilities increased $3,400. The transaction could have been:


A) purchase of supplies for cash, $3,400.
B) purchase of supplies for $3,700 with a down payment of $300 and the remainder on account.
C) paid the rent for the month, $3,400.
D) None of these answers is correct.

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