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Describe two of the main issues facing many emerging adults.
Journal Entry
A record of financial transactions in the accounting records, showing the accounts and amounts to be debited and credited.
Estimated
A calculated approximation or judgement made without complete information, often used in planning or forecasting.
Temporary Account
A temporary account is used to track transactions during an accounting period, which is then transferred to a permanent account at the period's end, such as revenue and expense accounts.
Bad Debts Expense
Represents the amount of receivables a company does not expect to collect and is recorded as an expense.
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