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)

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)

https://uopcourses.com/category/acc-290/

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.