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To save a presentation,tap or click the Save button on the ____.
General Journal Entries
Records of financial transactions where each entry is recorded in a double-entry accounting system, impacting at least two accounts.
Terms 2/10, N/30
Terms 2/10, N/30 are payment terms indicating that a buyer can take a 2% discount on the invoice price if the payment is made within 10 days; otherwise, the net amount is due within 30 days.
Merchandise Inventory
Goods that a company holds for sale to customers, considered an asset on the balance sheet.
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