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The first recorded synthesis of an organic compound in a scientific laboratory was by
Prepaid Insurance
An asset account on the balance sheet that represents a payment made for insurance services that have not yet been received or used up within the period of the insurance contract.
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Fees that have been incurred but not yet paid or recorded by the entity.
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A journal entry made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
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Money received by a company for goods or services yet to be delivered or performed, considered a liability until the service or product is provided.
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