A Transaction Caused a $600,000 Increase in Both Assets and Total

Multiple Choice

A transaction caused a $600,000 increase in both assets and total liabilities. This transaction could have been:

A) Purchase for office equipment for $600,000 cash
B) Repayment of a $600,000 bank loan
C) Investment of $600,000 cash in the business by the owner
D) Purchase of office equipment for $720,000, paying $120,000 cash and issuing a note payable for the balance