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For each of the following entries. enter the letter of the explanation that most closely describes it in the space beside each entry. (You can
For each of the following entries. enter the letter of the explanation that most closely describes it in the space beside each entry. (You can use letters more than once.) To record receipt of unearned revenue. To record this period's earning of prior unearned revenue. To record payment of an accrued expense. To record receipt of an accrued revenue. To record an accrued expense. To record an accrued revenue. To record this period's use of a prepaid expense. To record payment of a prepaid expense. To record this period's depreciation expense. 1.000 4.000 3.000 4, 200 1, 400 4.500 6.000 5.000 9.000 7.500 2.000 2.000 1.000 4.000 3.000 4, 200 1.400 4.500 6.000 5.000 9.000 7300 2,000 2,000 Interest Expense Interest Payable Depreciation Expense Accumulated Depreciation Unearned Professional Fees Professional Fees Earned Insurance Expense Prepaid Insurance Salaries Payable Cash Prepaid Rent Cash Salaries Expense Salaries Payable interest Receivable Interest Revenue Cash Accounts Receivable (from consulting) Cash Unearned Professional Fees Cash Interest Receivable Rent Expense Prepaid Rent
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