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Alcohol achieves part of its effect on the nervous system by increasing the activity of the main inhibitory neurotransmitter in the brain called the ________________.
Adjusting Entries
At the end of an accounting interval, journal entries are made for the allocation of profits and expenses to the time frame in which they were genuinely incurred.
Prepaid Expenses
Payments made in advance for goods or services that will be used in the future, recorded as assets on the balance sheet until they are consumed.
Accrued Salaries
Salaries that have been incurred (earned by employees) but not yet paid by the employer.
Estimated Depreciation
The projection of an asset ’s decrease in value over time due to wear and use, used for accounting and tax purposes.
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