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When researchers investigated organization in long-term memory, they found that:
Book Balance
The balance of an account according to the accounting records, before any adjustments for reconciling items.
Check Register
A record of transactions in a checking account, including deposits, checks, and withdrawals.
Transactions
Financial events that affect an entity's financial statements, involving transfers or exchanges of value between parties.
Undeposited Funds
An account used in accounting to hold funds that have been received but not yet deposited into a bank account.
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