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Which of the following is most likely a service company?
Adjusted Trial Balance
A listing of all company accounts that will appear in the financial statements after adjustments have been made for journal entries.
Current Liability
An obligation due to be paid within a year, including accounts payable, short-term loans, and other similar debts.
Notes Payable
Financial obligations represented by promissory notes, where the borrower agrees to pay back a specified sum of money on demand or at a determined future date.
Prepaid Expenses
Expenses paid in advance by a company for goods or services to be received in the future.
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