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When Jared is scolded by his mother for misbehaving, he actually increases the misbehavior because he finally has her attention. For Jared, the scolding served as a
Journal Entries
The records of financial transactions in the accounting system, documented in chronological order.
Voucher
A document that serves as evidence for a transaction and authorizes the payment or receipt of money.
Normal Balance
The side of an account (debit or credit) that is expected to have a higher balance based on the accounting rules.
Financial Statement
A formal record of the financial activities and position of a business, person, or other entity, typically including balance sheet, income statement, and cash flow statement.
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