Conway Company had a transaction that caused a $7,000 increase in both assets and liabilities....
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Conway Company had a transaction that caused a $7,000 increase in both assets and liabilities. This transaction could have been a(n) purchase of office equipment for $7,000 cash. investment of $7,000 cash in the business by the stockholders. purchase of $7,000 of inventory on credit. repayment of a $7,000 bank loan
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