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What are licensing statutes?
Credit
An accounting entry that increases a liability or equity account or decreases an asset or expense account.
Unearned Rent
Income received by an entity for rent that has not yet been earned, typically because the period of tenancy has not yet occurred.
Accounts Payable
Liability accounts listing the amounts a company owes to suppliers for goods or services received on credit.
Salaries Payable
A liability account representing the amount of wages owed to employees for work performed but not yet paid.
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