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Wages Payable
Wages payable are the amounts owed to employees for work performed that have not yet been paid; it is a liability on the company's balance sheet.
Office Equipment
The tools, devices, or machinery used in an office setting to assist with day-to-day operations, including computers, printers, and furniture.
Credit Entry
An accounting entry that increases a liability or equity account, or decreases an asset or expense account, recorded on the right side of an account.
Asset Accounts
Accounts on a balance sheet that represent the resources owned by a company, which have value and can provide future benefits.
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