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Conner Sales' Total Assets and Total Liabilities Increased $400

Question 117

Multiple Choice

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


A) purchase of supplies for cash,$400.
B) purchase of supplies for $600 with a down payment of $200 and the remainder on account.
C) paid the rent for the month,$700.
D) None of these answers are correct.

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