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What is the universe mostly made of?
Journal Entry
A recording in the accounting ledger that notes all the financial transactions of a business.
Prepaid Insurance
An asset account that reflects the amount paid for insurance policies in advance, before the coverage period begins.
Accounts Receivable
Financial obligations customers have to a business for received services or goods that have not been paid for.
Miscellaneous Expense
Expenses that do not fit into any specific category of the business's financial statements, often small or infrequent costs.
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