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In the Mid- to Late-1800s, the Work by Dorthea Dix

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In the mid- to late-1800s, the work by Dorthea Dix and the follow-up to the case of Mary Ellen served to:


Definitions:

Salary Expense

An expense account that records the total amount of salary payments made to employees over a period of time.

Accrued Salaries

Salaries that have been incurred but not yet paid, representing a liability for the company.

Closing Entries

Entries recorded at the close of an accounting period to move balances from temporary to permanent accounts.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries are made, used to prepare financial statements and ensure the ledger accounts are balanced.

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