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Many middle-aged adults desire to return to school to continue an education interrupted by career,family,and childrearing.When counseling these adults,an important factor to consider is that:
Closing Journal Entries
Entries made in the accounting records at the end of an accounting period to transfer balances from temporary to permanent accounts.
Salary Expense
An expense account that records the total amount of salary payments made to employees over a period of time.
Accrued Salaries
Salaries that have been incurred but not yet paid, representing a liability for the company.
Closing Entries
Entries recorded at the close of an accounting period to move balances from temporary to permanent accounts.
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