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The following is a correct journal entry: Cash 14,400 Consulting revenue 14,400 What is this journal entry recording? a. An increase in an asset and

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The following is a correct journal entry: Cash 14,400 Consulting revenue 14,400 What is this journal entry recording? a. An increase in an asset and an increase in owners' equity. b. An increase in an asset and a decrease in owners' equity. C. An increase in owners' equity and a decrease in assets. d. A decrease in an asset and a decrease in owners' equity

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