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Stefano worked at his desk preparing his presentation for English class.He finished his rough draft and sent it to the printer.His printer only printed the first page and signaled that it was out of paper.Stefano decided to make a list of what he needed to get at the store besides printer paper.Then he realized that his route to the store takes him past his girlfriend's house.He thinks about stopping for a minute,but then remembers that he borrowed a tool from her dad.He needs to return the tool.This type of memory retrieval is:
Salaries Payable
A liability account that records the amounts of wages earned by employees that have not yet been paid to them.
Salaries Expense
An accounting item that represents the total amount paid to employees in the form of salaries over a specific period of time.
Adjusting Entry
A journal entry made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
Prepaid Insurance
An asset account that represents insurance payments made in advance for future coverage periods.
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