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Describe individuals with an internal locus of control.
Owner's Drawings
Owner's disbursements from a business in either a sole proprietorship or partnership for personal expenditures.
Salaries and Wages Expense
The total amount spent by a business on its employees' salaries and wages during a specific period.
Equipment
Tangible assets used in operations, such as machinery and office hardware, which are subject to depreciation over their useful lives.
Debit
A financial record that boosts asset or expense ledgers or reduces liability, equity, or income ledgers.
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