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Which of the following statistics can turn negative?
Notes Payable
A financial obligation represented by a written promissory note, which specifies the amounts borrowed, interest rate, and maturity date.
Supplies Consumed
The cost of supplies used during a specific period, often impacting the income statement through expense recognition.
Adjusting Journal Entries
Entries made in the accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
Payroll Records
Documents that detail the compensation paid to employees, including wages, salaries, bonuses, and deductions.
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