Question: A transaction caused a $5,000 increase in both assets and total owners equity. This transaction could have been: HINT: A. Repayment of a $5,000 bank

A transaction caused a $5,000 increase in both assets and total owners equity. This transaction could have been:

HINT:

A.

Repayment of a $5,000 bank loan
B.

Investment of $5,000 cash in the business by selling additional shares of common stock
C.

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

Purchase of office equipment of $5,000 cash
E.

None of the above

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