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Use a graphing calculator and the method of matrix inverses to solve the system. Give five decimal places, if necessary.
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Accrued Expenses
Expenses that have been incurred but not yet paid or recorded in the accounts, representing liabilities for goods or services received.
Incurred
Describes expenses or liabilities that have been realized or consumed in the course of business operations.
Recorded
The process of making an official or formal documentation of a particular data or event in accounting or records.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditures to the appropriate period.
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