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Howard Company had a transaction that caused a $5,000 decrease in both total assets and...

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Accounting

Howard Company had a transaction that caused a $5,000 decrease in both total assets and total liabilities. This transaction could have been a(n)

Group of answer choices

Purchase of equipment for $5,000 cash

Purchase of Equipment for $12,000, paying $7,000 cash and signing a note for the remainder

Investment of $5,000 cash in the business by the stockholders

Repayment of a $5,000 note

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