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What causes the atmosphere to divide into spherical layers?
Note Payable
A written promise to pay a specified amount of money, usually with interest, at a future date; a form of debt.
Interest Rate
The percentage of a sum of money charged for its use, typically expressed as an annual rate.
Accrued Interest
Interest that has accumulated over a period but has not yet been paid or received.
Adjusting Journal Entry
A journal entry made at the end of an accounting period to record unrecognized income or expenses to ensure that the financial statements comply with the accrual concept of accounting.
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