Occupational Fields Such as Teaching and Nursing Have Gone to Great

question 122

Multiple Choice

Occupational fields such as teaching and nursing have gone to great lengths to try to alleviate reality shock by offering

• A) financial incentives to those choosing teaching and nursing majors.
• B) student loan pay-back assistance.
• C) higher starting salaries to attract more people to these fields.
• D) internships and practicums.

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Definitions:

Trial Balance

A financial worksheet that consolidates all ledger balances into equal debit and credit columns for each account.

Journal Entries

Recorded business transactions in the accounting records of a company, listed in the general journal.

Adjusting Journal Entries

Entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Closing Journal Entries

Entries made in the accounting records at the end of an accounting period to transfer balances from temporary to permanent accounts.