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George Rogers Clark's frontier force
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate years.
Open Account
A credit arrangement where goods or services are provided to a customer with the understanding that the customer will pay the supplier at a later date.
Note Written
A formally documented obligation in which one party promises to pay another party a predetermined sum of money at a specified date.
Interest-Bearing Note
A debt instrument that pays interest at a predetermined rate to the holder, typically issued in exchange for a loan or credit extended to the borrower.
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