Figure 1.2 Using the Figure Above, Identify the Labeled Part

question 40

Short Answer

Figure 1.2

Using the figure above, identify the labeled part.
-Label O: ______________________________

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Definitions:

Journalize

The process of recording financial transactions in a company's accounting records or journals.

Transactions

Acts of buying or selling goods, services, or financial instruments.

Invests

The act of allocating resources, usually money, in the expectation of generating an income or profit.

Note Payable

A written promise to pay a specified amount of money, along with interest, by a certain date.