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Adjusting Entries
Entries made in the accounting journals to adjust income and expense accounts so that they comply with the accrual concept of accounting.
Note Payable
A written promise to pay a certain amount of money on demand or at a fixed or determinable future time.
Unearned Fees
Income received for services that have not yet been performed or delivered.
Monthly Salary
A fixed amount of payment received by an employee from an employer on a monthly basis.
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