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The Hershey and Chase experiment proved that
Adjusting Entries
Journal entries made in an accounting period to allocate revenues and expenses to the periods in which they actually occurred.
Accounting Adjustments
Entries made in the accounts to correct transactions, record unrecorded items, or bring accounts up to date at period end.
Financial Statements
Materials outlining a firm's financial health, incorporating its balance sheet, income statement, and cash flow statement.
Adjustment
Modifications made to account balances in order to correct financial statements or to allocate transactions correctly.
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