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Journalize the following entries on the books of the borrower and creditor. Label accordingly. (Assume a 360-day year is used for interest calculations.)
Natural Selection
A process in evolutionary biology where organisms better adapted to their environment tend to survive and produce more offspring.
Authoritarian
Authoritarian describes a style of leadership or governance characterized by strong central power and limited political freedoms, or in the context of parenting, a style marked by strict rules and expectations with little room for dialogue.
Strict Guidelines
Strict guidelines refer to a set of precise and clear rules or principles designed to control or govern behavior or procedures.
Rejecting-neglectful
A parenting style characterized by a lack of responsiveness to a child's needs and a lack of demands, often resulting in negative outcomes for the child's development.
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