A Transaction Completed by Norton Company Caused a $10,000 Increase

Multiple Choice

A transaction completed by Norton Company caused a $10,000 increase in both the total assets and the total liabilities. This transaction could have been:

A) purchase of office equipment for $16,000, paying $6,000 cash, with the rest on account.
B) investment by the owner of an additional $10,000.
C) purchase of office equipment, paying $10,000 cash, and $6,000 on account.
D) a loan of $2,000, on a $12,000 purchase of equipment with $10,000 down payment.