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The probability that a radish seed will germinate is 0.7. Estimate the probability that of 140 randomly selected seeds, exactly 100 will germinate.
Sales Journal
An accounting ledger in which sales of services or goods on credit are recorded, also known as the sales book.
Closing Entries
Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.
Unearned Rent
Income received by a landlord for rent that has been paid in advance, which is considered a liability until the period it pertains to occurs.
Income Summary
Income Summary is an account to which all income statement accounts are transferred at the end of an accounting period to calculate the net profit or loss.
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