exercise 3-2 identifying adjusting entries LO4

hil the onter n Te sends gour cell phone bill for the month of Maren the invoice date as March 31, 2017 and the pagment is due April 15, 201 e. The Toronto Transit Commission (TTC) sells monthly bus passes The September bus to the TTC in passes can be purchased in August The bus pass then provides access identifying adjusting entries LO4 Perfach entry (1) to (12) below, enter the letter of the explanation that describes it in the the left You can use some letters more than once a. To record depreciation expense b. To record an accrued expense e. To record the use of a prepaid expense e. To record the earning of previouslg unearned revenne f. Not an adjusting entry d. To record accrued revenue 6.000 7, insurance Expense 8 Salaries Payable Cash 3.000 Prepaid insurance Professional Revenue 2.000 Cash 3 Rent Expense 6.500 Prepaid Rent 4 ierest Expense 4.000 10: Cash 4.000 Interest Payabie 4,000 Interest Recelvable SPrepsid Rent 3.500 11 Interest Receivable Interest Income 7.000 6Salaries Expense 5,000 Seares Payable 50012 Cash . 8.00