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Summary Journal Entry
A consolidated record that summarizes multiple transactions into a single entry within the accounting records.
Accounts Receivable
Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.
Sales Returns
Transactions where customers return previously purchased merchandise, leading to a reduction in sales revenue.
Receivable from Factor
Funds to be received from a factor, a financial intermediary that purchases receivables from a company, providing it with immediate cash.
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