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_________________________are courts that have jurisdiction over relatively minor offenses and infractions. A traffic court fits in this category.
Accounting Cycle
The sequence of steps followed in the accounting process to record and summarize financial transactions throughout a period and prepare financial statements.
Journalizing Transactions
The process of recording business transactions in the journal as part of the accounting process.
Correcting Entries
Journal entries made to correct errors found in the financial statements.
Adjusting Entries
Journal entries made in accounting to record revenues earned and expenses incurred that are not yet recorded through standard accounting transactions.
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