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Ryan is seven months old and is able to get around in what his older brother calls an "army crawl" because Ryan can't get his stomach off the ground.Ryan is actually:
Credit Balance
A situation where the total credits in an account exceed the total debits, often reflecting a positive balance in financial accounts.
Notes Payable
Notes payable are written agreements where a borrower agrees to pay back a specified amount of money, plus interest, to a lender at a future date.
Accounts Receivable
Amounts owed to a business by its customers for goods or services delivered but not yet paid for.
Journalize
The act of recording transactions in the journal as part of the accounting process.
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