Question: A transaction caused a $200,000 increase in both assets and total liabilities. This transaction could have been: Select one: A. Purchase of office equipment for

A transaction caused a $200,000 increase in both assets and total liabilities. This transaction could have been:

Select one:

A. Purchase of office equipment for $240,000, paying $40,000 cash and issuing a note payable for the balance

B. Purchase for office equipment for $200,000 cash

C. Investment of $200,000 cash in the business by the owner

D. Repayment of a $200,000 bank loan

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