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Anatomists learned that the brain is made up of many distinct areas or "parts" by cutting apart autopsied human and animal brains and then examining them under a microscope. This procedure being used is known as
Credit Sales
Sales transactions where the payment is delayed as opposed to immediate cash payment, generating accounts receivable.
Adjusting Entry
An accounting journal entry made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
Allowance for Doubtful Accounts
A contra asset account that represents an estimate of the amount of accounts receivable that may not be collectible.
Uncollectible Accounts
Accounts receivable that a company has deemed unlikely to be collected and thus written off as a loss.
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