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15- XYZ Company pays its rent expense on January 21 of $10,000. This transaction would: * Increase equity by $10,000. Decrease the balance in rent

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15- XYZ Company pays its rent expense on January 21 of $10,000. This transaction would: * Increase equity by $10,000. Decrease the balance in rent expense by $10,000. Be recorded by a $10,000 debit to rent payable and a $10,000 credit to cash. Decrease net income for the month by $10,000. O Increase net income for the month by $10,000

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