Conner Sales' Total Assets and Total Liabilities Increased $500

question 148

Multiple Choice

Conner Sales' total assets and total liabilities increased $500. The transaction could have been

• A) purchase of supplies for cash, $500.
• B) purchase of supplies for $600 with a down payment of $100 and the remainder on account.
• C) paid the rent for the month, $600.
• D) None of these answers are correct.

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