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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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