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What is the product of the following reaction?
Account
A record summarizing all the transactions pertaining to a single item in the accounting equation.
Lockbox Services
Bank-provided services that expedite the collection and processing of account receivable payments by having them sent directly to a secure post office box.
Collection Funds
Monies that are being gathered or have been gathered for a specific purpose, often related to financial transactions or payments.
T-Bills
Short-term government securities issued at a discount from par value, which mature and pay back the full face value.
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