Examlex
Solve the system by the substitution method.
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Unearned Revenue
Money received by a business for services or products yet to be delivered or provided; considered a liability until the service or product is delivered.
Utilities Expense
The cost incurred by a business for the consumption of utilities services like electricity, gas, water, and sewage.
Accounts Payable
Liability accounts representing the amounts owed by a company to its suppliers or creditors for goods and services received.
General Journal
A journal used in accounting that records all day-to-day financial transactions in chronological order.
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