The Following Is a Correct Journal Entry: What Is

The following is a correct journal entry: What is this journal entry recording?

A) An increase in an asset and an increase in owners' equity.
B) An increase in owners' equity and a decrease in assets.
C) A decrease in an asset and a decrease in owners' equity.
D) An increase in an asset and a decrease in owners' equity.
E) An increase in an asset and an increase in a liability.

Correct Answer:

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