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Which of the following was NOT a cause of the Salem witchcraft hysteria?
Prepaid
Expenses that are paid for in advance of receiving the benefit, often recorded as assets until the expense is incurred.
Equipment Rent
The cost incurred by a company for using equipment owned by another entity for a specified period.
Service Contract
An agreement between a customer and a service provider detailing the terms of service delivery, including scope, quality, and responsibilities.
Adjusting Journal Entry
A financial transaction recorded at the closure of an accounting cycle to properly assign earnings and expenses to the corresponding period.
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