In 1790, the First Recognized Penitentiary Was Created in Which

question 41

Multiple Choice

In 1790, the first recognized penitentiary was created in which U.S. city?

• A) Washington, DC
• B) Boston
• C) New York
• D) Philadelphia

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Definitions:

Journal Entry

A record in accounting that represents a transaction or financial event affecting the entity's financial statements, involving at least one debit and one credit.

Annual Year-End

The conclusion of a 12-month financial year period on which a company's annual financial statements are based.

Installment Note

A loan or credit agreement that requires a fixed number of payments over a specified period of time.

Annual Year-end Payments

Payments made at the end of the fiscal year, which can include bonuses, dividends, or debt payments.