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Professor Arevalo Is Teaching Her Class About _____ and Gives

question 85

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Professor Arevalo is teaching her class about _____ and gives them the example that humans need to maintain a body temperature around 98.6 degrees.


Definitions:

Cash Payments Journal

A financial journal that tracks all cash outlays of a business, including expenses, asset purchases, and debt repayments.

Cash Purchase

This term refers to a transaction where goods or services are bought and paid for with cash or cash equivalent immediately at the point of sale.

Supplies Recorded

This refers to the accounting practice of recognizing and recording office or operational supplies as expenses when they are used.

Cash Receipts Journal

A specialized accounting journal used to record all cash inflows or receipts of the business.

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