1 01:29:18 For journal entries 1 through 12, indicate the explanation that most closely describes it. You can use explanations more than once. A. To record receipt of unearned revenue. B. To record this period's earning of prior unearned revenue. C. To record payment of an accrued expense. D. To record receipt of an accrued revenue. E. To record an accrued expense. F. To record an accrued revenue. G. To record this period's use of a prepaid expense. H. To record payment of a prepaid expense. I. To record this period's depreciation expense. Entry Explanation Journal Entries Debit Credit Uneamed Revenue. 1,600 1 Services Revenue 1,600 2 3 4 5 Insurance Expense Prepaid Insurance Salaries Payable Cash Prepaid Rent Cash Salaries Expense Salaries Payable 4,400 4,400 3,800 3,800 5,000 5,000 2,000 2,000 Interest Receivable 4,900 6 Interest Revenue 4,900 Cash 1 6,400 7 Accounts Receivable (from consulting) 6,400 Cash 6,000 8 Unearned Revenue i 6,000 Cash 8,600 9 Interest Receivable 8,600 10 10 Rent Expense Prepaid Rent 7,000 7,000 Interest Expense 1,400 11 Interest Payable 1,400 Depreciation Expense. 1,200 12 1200