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Which ONE of the following journal entries correctly represents an increase in equity? -DEBIT: Cash; CREDIT: Common Stock -DEBIT: Common Stock; CREDIT: Cash -DEBIT: Retained

Which ONE of the following journal entries correctly represents an **increase in equity**?

-DEBIT: Cash; CREDIT: Common Stock

-DEBIT: Common Stock; CREDIT: Cash

-DEBIT: Retained Earnings; CREDIT: Rent Expense

-DEBIT: Retained Earnings; CREDIT: Accounts Payable

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