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Fred and Wayne Are 4-Year-Olds

question 121

Multiple Choice

Fred and Wayne are 4-year-olds.When they are together,they often wrestle,run,race,push,and shove each other.Although their level of activity often aggravates their parents,these activities will:


Definitions:

General Journal Entry

A basic accounting record where financial transactions are initially recorded.

Replenishment

Replenishment involves the process of restocking goods or materials in inventory to maintain adequate levels to meet consumer demand or operational needs.

Bank Reconciliation

Bank reconciliation is the process of comparing and matching figures from the accounting records against those shown on a bank statement to ensure they are in agreement.

NSF Check

A check that cannot be processed because the account it's drawn on does not have sufficient funds.

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